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Air Products Announces Intent to Spin-Off Materials Technologies Business

The targeted completion of the Materials Technologies spin-off is before September 2016, subject to regulatory approvals.

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By: Catherine Diamon

Director, Executive Internal Communications, GAF

Air Products has announced that its Board of Directors has approved the intention to fully separate its Materials Technologies business via a tax-free spin-off to its shareholders. The targeted completion of the Materials Technologies spin-off is before September 2016, subject to typical regulatory approvals. “I am very pleased that our Board of Directors has approved this strategic move. This separation will provide shareholders ownership in two leading and focused companies while providing ...

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