Air Products Selling Adhesives to Ashland | Chemical & Engineering News
Volume 86 Issue 24 | p. 33 | Concentrates
Issue Date: June 16, 2008

Air Products Selling Adhesives to Ashland

Department: Business | Collection: Sustainability
Air Products' pressure-sensitive adhesives are used in label manufacturing.
Credit: Air Products
8624bconairprod
 
Air Products' pressure-sensitive adhesives are used in label manufacturing.
Credit: Air Products

Air Products & Chemicals has agreed to sell its business in pressure-sensitive adhesives and nonpressure emulsions to Ashland for $92 million. The business includes plants in Elkton, Md., and Piedmont, S.C., and had sales last year of $126 million, mainly in North America. It was part of a former joint venture with Wacker Chemie; earlier this year, Air Products sold most of its share in the venture to Wacker for $265 million. Marcello Boldrini, vice president of Ashland's performance materials unit, says Air Products' water-based emulsion technology complements existing Ashland solution technology and the ultraviolet/electron-beam cure technology it acquired from Northwest Coatings a year ago.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

Leave A Comment

*Required to comment