Air product & chemicals has agreed to sell its performance materials division to the German specialty
chemical maker Evonik Industries for $ 3.8 billion in cash .
Air products performance materials at a glance. TOTAL SALES: $ 1.04 BILLION.
Key epoxy-curing agent products: Curing agents, accelerators and catalysts; adhesive promoters.
Key polyurethane additive products: Catalysts, surfactants, and curatives .
Key specialty additive products: Surfactants, dispersants, and defoamers.
Following the deal announcement, Moody's took the unusual step of upgrading Evonik's credit rating,
noting that the acquired business is a "good fit" and that Evonik has "sufficient headroom" financially to supper the purchase.
From : CEN May 16,2016
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