Degussa AG, Dusseldorf, Germany, announced the signing of an agreement to acquire Cytec Industries Inc.’s 50 percent holding in CYRO Industries, a joint venture established in 1976 between Degussa and Cytec. The sales price amounts to $95 million (€74 million). Headquartered in Rockaway, NJ, Cyro had sales of $317 million in 2004.      Degussa’s methacrylate activities will be combined with CYRO’s activities in the Americas following closing. As a result of this transaction, Degussa will conso...