Degussa acquires CYRO Industries.
Degussa AG, Dusseldorf, Germany, has announced an agreement to
acquire Cytec Industries Cytec Industries is a specialty chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. Inc.'s 50% holding in CYRO Industries,
giving Degussa full ownership of the business. CYRO Industries was
established as a joint venture between Degussa and Cytec Industries in
1976. As a result of the transaction, Degussa's current
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. business activities will be combined with CYRO to serve the
Americas markets. CYRO, which manufactures and markets Acrylite[R]
acrylic acrylic, artificial fiber made from a special group of vinyl compounds, primarily acrylonitrile. Acrylic fibers are thermoplastic (i.e., soften when heated, reharden upon cooling), have low moisture regain, are low in density, and can be made into bulky fabrics. sheet and polymer products and methylmethacrylates, has four
manufacturing facilities in the U.S. and is headquartered in 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.
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