Cytec Completes Sale of Bulk Molding Compounds Business.WEST PATERSON West Paterson (păt`ərsən), borough (1990 pop. 10,982), Passaic co., NE N.J., a suburb of Paterson; inc. 1914. Electric, electronic, and photographic products are made in the borough. , N.J.--(BUSINESS WIRE)--Nov. 23, 1998--Cytec Industries Inc. (NYSE NYSE See: New York Stock Exchange :CYT) announced today that it completed the sale of its bulk molding compounds business to Bulk Molding Compounds, Inc. of West Chicago, Illinois West Chicago is a city in DuPage County, Illinois, United States. The population was 23,469 at the 2000 census. Formerly named Turner Junction after its founder, John B. Turner, president of the G&CU In 1855. , for approximately $17 million in cash. The Harvest Group, Inc., served as financial advisor for Cytec in connection with the transaction. The business assumed by Bulk Molding Compounds, Inc. includes Cytec's manufacturing, laboratory and sales facility located at Perrysburg, Ohio Perrysburg is a city in Wood County, Ohio, United States, along the Maumee River. The population was 16,945 at the 2000 census. If combined with the adjacent Perrysburg Township, it would have a total population of 30,558 making it the most populous city in Wood County. , and approximately 95 employees at this facility and at a related sales office located in Southfield, Michigan Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. . Cytec Industries Inc. is a vertically integrated specialty chemical company which focuses on value-added specialty products. The company develops, manufactures and markets specialty chemicals, specialty materials and building block chemicals serving a broad group of end users, including aerospace, plastics, coatings, mining, paper, water treatment, and automotive industries. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion