Air Products Completes Sale of Polyurethane Pre-Polymers Business to COIM USA
December 01 2009 - 10:30AM
PR Newswire (US)
LEHIGH VALLEY, Pa., Dec. 1 /PRNewswire-FirstCall/ -- Air Products
(NYSE: APD) today said it has completed the previously announced
sale of the assets of its polyurethane pre-polymers business,
marketed under the Airthane® and Versathane® tradenames to COIM USA
Inc., a fully owned subsidiary of global polyurethane chemicals
producer COIM SpA. Included in the sale was Air Products'
manufacturing facility in Paulsboro, N.J. Terms of the agreement
are not being disclosed. "We are pleased to complete this sale of
our pre-polymers business to COIM USA," said Bob Thomas, global
business director, Performance Materials, for Air Products. "Air
Products will continue to focus on the global growth of our Dabco®
and Polycat® polyurethane catalysts and surfactants, Versalink(TM)
curatives and our new Innovathane® and Ancarez® ISO products for
the Polyurea coatings and construction markets." Polyurethane
pre-polymers are used in many cast elastomer markets, such as
industrial tires and wheels, printing rollers, cutting and metal
forming blankets, and custom parts for dynamic performance and
durability. Air Products (NYSE:APD) serves customers in industrial,
energy, technology and healthcare markets worldwide with a unique
portfolio of atmospheric gases, process and specialty gases,
performance materials, and equipment and services. Founded in 1940,
Air Products has built leading positions in key growth markets such
as semiconductor materials, refinery hydrogen, home healthcare
services, natural gas liquefaction, and advanced coatings and
adhesives. The company is recognized for its innovative culture,
operational excellence and commitment to safety and the
environment. In fiscal 2009, Air Products had revenues of $8.3
billion, operations in over 40 countries, and 18,900 employees
around the globe. For more information, visit
http://www.airproducts.com/. ***NOTE: This release may contain
forward-looking statements. Actual results could vary materially,
due to changes in current expectations. DATASOURCE: Air Products
CONTACT: Media: Robert Brown, +1-610-481-1192, or ; Investors:
Nelson Squires, +1-610-481-7461, or , both of Air Products Web
Site: http://www.airproducts.com/
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