Issue Date: September 21, 2015 | Web Date: September 17, 2015
Air Products To Spin Off Materials Technologies Business
Air Products & Chemicals will separate its chemical business, which it calls materials technologies, in a tax-free spin-off to shareholders. The plan doesn’t come as a surprise; since coming aboard last year, chief executive officer Seifi Ghasemi has been promising to focus on Air Products’ core business of industrial gases.
The materials business will launch within a year with six divisions, including epoxy curing agents and electronic materials for the semiconductor industry. . . .
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