Is Cytec now Solvay?
Is Cytec now Solvay?
Brussels, December 9, 2015 — Solvay has successfully completed the acquisition of Cytec and will immediately begin the integration of Cytec’s businesses to deliver cost synergies and capture significant business opportunities in advanced lightweighting materials for the aerospace and automotive industries and in …
Who owns Cytec?
Solvay S.A.
Cytec Industries/Parent organizations
When did Solvay purchase Cytec?
December 2015
In December 2015, Solvay successfully completed its acquisition of Cytec. Financing consists of the issuance of around €4.7 billion senior and hybrid bonds and the ongoing €1.5 billion right issue.
Who bought Solvay?
BASF
Solvay’s businesses to be acquired by BASF generated sales of around €1.0 billion in 2018. At closing, approximately 700 Solvay employees will move to BASF. The intended joint venture between BASF and Domo in France will employ approximately 650 employees.
Who are Solvay competitors?
Solvay’s top competitors include EMS-Chemie, Tokuyama, Umicore, Chemours, Celanese, Stepan, LANXESS, Hexcel, SGL Carbon and Toray Industries. Solvay is a global advanced materials and specialty chemicals company.
Who is the CEO of Solvay?
Ilham Kadri (Mar 1, 2019–)
Solvay S.A./CEO
Ilham Kadri is CEO and President of the Executive Committee of Solvay, a materials, chemicals and solutions company which through its purpose, values and science contributes to protecting the climate, preserving resources and fostering a better life.
What products does Solvay make?
Solvay offers a wide range of products and solutions designed for enterprises and small businesses across a variety of industries.
- Amines.
- Antioxidants and Stabilizers.
- Barium and Strontium Derivatives.
- Calcium and Magnesium Derivatives.
- Composites.
- Flavors and Fragrances.
- Fluorine Derivatives.
- Lithium Derivatives.
How many employees does Solvay?
23,000
With 145 sites, Solvay employs 30,900 people in 53 countries….Solvay S.A.
| Type | Public |
|---|---|
| Total equity | €10,624 million (2018) €7,360 million (2020) |
| Number of employees | 24,500 (2018) 23,000 (2020) |
| Website | www.solvay.com |
Is Ilham Kadri married?
Personal life. She is married and has a son.
What is Solvay known for?
As a global leader in Materials, Chemicals and Solutions, Solvay brings advancements in planes, cars, batteries, smart and medical devices, water and air treatment, to solve critical industrial, social and environmental challenges.
Is Solvay a good company to work for?
This is a fairly decent place to work and I do recommend it to anyone looking for work. Hr in Anaheim isn’t very friendly but overall the people there are good people. Over all, it’s a good place to work.
Who is CEO of Solvay?
Solvay S.A./CEO
Why did Solvay choose to acquire Cytec Industries?
In the automotive market, Solvay’s strong positions with original equipment manufacturers and tier-one suppliers will help bolster Cytec’s growth. Moreover, Cytec will significantly reinforce Solvay’s sustainability profile as its offerings are addressing planet’s challenges.
What was the closing price of Cytec stock?
The transaction price per share represents a premium of 28.9% compared to the closing price of Cytec on 28th July 2015 and a premium of 26.9% compared to the volume weighted average closing share price over the last three months. Cytec’s and Solvay’s boards of directors have unanimously recommended the transaction.
Who are the main shareholders of Solvay Corporation?
Solvay will convene, in due course, an extraordinary general meeting of its shareholders to vote on the proposed rights issue. The Board of Directors of Solvac, Solvay’s main shareholder, has unanimously confirmed its support for the transaction and its intention to vote in favor of the capital increase.
Is the acquisition of Cytec accretive to EPs?
The acquisition of Cytec will be accretive to Adjusted EPS after the first year and to CFROI in the mid-term. Solvay has arranged committed bridge financing for the transaction which it plans to fund with a