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Cytec Completes Sale of Pressure Sensitive Adhesives Product Line

Cytec Industries Inc. has  announced today the completion of  the previously announced sale of its Pressure Sensitive Adhesives product line to Henkel for approximately $105 million which includes working capital of approximately $15 million,  subject to post-closing adjustments. 

About Cytec:

Cytec’s vision is to deliver specialty chemical and material technologies beyond our customers’ imagination. Our focus on innovation, advanced technology and application expertise enables us to develop, manufacture and sell products that change the way our customers do business. Our pioneering products perform specific and important functions for our customers, enabling them to offer innovative solutions to the industries that they serve. Our products serve a diverse range of end markets including aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining and plastics.