Degussa AG, Dusseldorf, Germany, has signed an agreement to acquire Cytec Industries' 50% holding in Cyro Industries, Rockaway, NJ, a joint venture established in 1976 between Degussa and Cytec.
Degussa AG, Dusseldorf, Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). , has signed an agreement to acquire Cytec Industries' 50% holding in Cyro Industries, Rockaway Rockaway, narrow peninsula, c.10 mi (16 km) long, SW Long Island, SE N.Y., in Queens borough of New York City. Separating Jamaica Bay from the Atlantic Ocean and isolated from the rest of New York City, the densely populated peninsula owes its growth to road and rail , NJ, a joint venture established in 1976 between Degussa and Cytec. The sale price was $95 million. Degussa's methacrylate methacrylate /meth·ac·ry·late/ (meth-ak´ri-lat) an ester of methacrylic acid, or the resin derived from polymerization of the ester. See also acrylic resins, under resin. activities will be combined with Cyro's activities in the Americas following closing.
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| | Title Annotation: | Acquisitions, expansions |
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| Publication: | Rubber World |
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| Geographic Code: | 1USA |
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| Date: | May 1, 2005 |
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| Words: | 49 |
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