Volume 90 Issue 21 | p. 18 | Concentrates
Issue Date: May 21, 2012

Cytec To Sell Adhesives Unit

Department: Business
Keywords: tape, adhesives, acquisitions
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This foam tape is made with pressure-sensitive adhesive.
Credit: Henkel
A roll of beige tape with red backing sits on a mottled mirror surface, at the end of the roll, the backing is peeled away to display the tape.
 
This foam tape is made with pressure-sensitive adhesive.
Credit: Henkel

Cytec Industries has agreed to sell its pressure-sensitive adhesives unit to Germany’s Henkel for $105 million. The business makes emulsion, solvent-borne, and UV-curable pressure-sensitive adhesives, which are used in applications such as tapes and labels. The unit, which employs 80 people, had sales of $94 million in 2011. The sale is part of a Cytec initiative to focus on faster-growing businesses. CEO Shane Fleming says Cytec is still evaluating the sale of its coatings resins business and will make a decision during this quarter.

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

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