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Company’s strategic plan to focus on core industrial gases business now fully in place.
January 5, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Air Products has completed the sale of its Performance Materials Division (PMD) to Evonik Industries AG (EVK.DE) for $3.8 billion in cash. The agreement to sell PMD to Evonik, a world leader in specialty chemicals, was initially announced in May 2016. “Combined with the other actions we have already taken, we are now fully focused on industrial gases in alignment with our strategic Five-Point Plan,” said Seifi Ghasemi, Air Products’ chairman, president and CEO. Air Products has consisten...
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