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Acquired by Advent International for a total value of $1.133 billion
April 3, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Cytec Industries Inc. announced that it has completed the previously announced sale of its Coating Resins business to Advent International, a global private equity firm, for a total value of $1,133 million, including assumed liabilities of approximately $118 million. The final price paid is subject to final working capital and other customary adjustments. “The sale of Coating Resins marks the completion of the transformation of Cytec’s portfolio and the beginning of a new Cytec,” said Shane F...
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