3 November 2015
ABOUT AIR PRODUCTS MATERIALS TECHNOLOGES BUSINESS
Air Products’ Materials Technologies business
is global, delivering specialty solutions focused
within niche markets, holding leading positions
in most of its end-markets and
focused on innovation-driven solutions.
For fiscal year 2015, Materials Technologies
had sales of approximately $2.1 billion and
EBITDA margins in excess of 27%.
The business employs approximately 3,300 employees
and operates in more than 12 countries across the globe.
* Its Electronic Materials Division
provides tailored solutions and materials
to customers in the semiconductor industry,
* while the Performance Materials Division provides
epoxy additives, polyurethane additives and specialty additives
to the construction, composites, adhesives, coatings
and other industries.
VIEW FULL SPIN-OFF PRESENTATION
DETAILS
Versum Materials
has been selected as the new company name for
the Materials Technologies business of Air Products.
Air Products announced plans in September
for a tax-free spin-off of this business
to U.S. shareholders on or before September 2016.
Derived from the Latin word for “toward,”
the name “Versum” communicates
* the new company’s ability
to continuously move toward materials,
which is core to its own business, and
provide cutting-edge solutions and innovation.
The name also communicates
* the company’s critical role
in helping customers advance their products and businesses
by providing market-leading technology, innovation
and valuable, reliable service.
chairman, president
and chief executive officer (CEO) at Air Products
“This is an exciting time as
these Materials Technologies market-leading businesses
move closer to becoming
a separate publicly-owned and traded company
with a distinct identity, brand and purpose.
Once complete, this separation will provide
our new shareholders with ownership in
two leading and focused companies while offering
the opportunity to value our
Industrial Gases and Materials Technologies businesses
independently,”
As previously announced,
Guillermo Novo, currently
the executive vice president of Materials Technologies,
will become
Versum Materials’ CEO
at the completion of the spin-off.
Contact Information
-
- Press Contact
- RENEE GIELLO
- (610) 481-4876
-
- Investor Contact
- SIMON MOORE
- (610) 481-7461
WWW.CHEMWINFO.COM BY KHUN PHICHAI
