Cytec Industries Incorporated, based in

Woodland Park, New Jersey Woodland Park (formerly West Paterson) is a Borough (New Jersey), borough in Passaic County, New Jersey, Passaic County, New Jersey, United States. As of the 2020 United States Census, the borough's population was 13,484. What is now Woodland P ...

was a speciality

chemicals A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., wit ...

and materials

technology Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, ...

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 American Cyanamid Company was a leading American conglomerate which became one of the nation's top 100 manufacturing companies during the 1970s and 1980s, according to the Fortune 500 listings at the time. It started in fertilizer, but added ...

. It makes resins, plastics, and composite materials, especially for the aerospace industry and other users of specialty materials. It was listed in

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...

with stock symbol "CYT". Cytec currently has about 3,600 employees in Europe, North and South America, Asia and Australia. In December 2013, Cytec Industries has entered into a tactical partnership with Mubadala Development Company. In July 2015,

Solvay Solvay may refer to: Companies and organizations * Solvay Brussels School of Economics and Management, Brussels, Belgium * Solvay Conference, founded by Ernest Solvay, deals with open questions in physics and chemistry * Solvay Indupa, an Argen ...

announced its intent to acquire Cytec for a purchase price of US$5.5 billion. In November 2015, Cytec Industries has obtain a shareholder's stake in Penso Holdings. In December 2015, Solvay successfully completed its acquisition of Cytec. Financing consists of the issuance of around €4.7 billion senior and hybrid bonds and the ongoing €1.5 billion right issue.

References

External links

* * Companies formerly listed on the New York Stock Exchange Chemical companies of the United States Companies based in Passaic County, New Jersey Woodland Park, New Jersey Companies based in Stamford, Connecticut 2015 mergers and acquisitions American subsidiaries of foreign companies Corporate spin-offs {{US-manufacturing-company-stub