Cytec Industries
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Cytec Industries Incorporated, based in Woodland Park, New Jersey 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 Reproducibility, reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in me ...
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. 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 of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...
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.


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* * 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