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Air Products
Air Products Sells Non-Pressure Emulsions Business
June 27th, 2008
Air Products (NYSE:APD) announced it has sold its non-pressure emulsions businesses and related production facilities in Elkton, Md., and Piedmont, S.C., to Ashland Inc. for $92 million. The sale completes the disposal of assets of Air Products Polymers and is part of Air Products' continued portfolio management efforts to make the company more focused, less cyclical and better positioned for higher growth. "We're pleased to have reached an agreement with an industry leader like Ashland," said Wayne Mitchell, vice president, Performance Materials, for Air Products. "Ashland best recognized the value of the employees and assets that make up the non-pressure emulsions...
Source: Health Business Week (2008-06-27)
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