Solvay completes acquisition of Cytec and starts integration plans

摘要

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. "Cytec represents a decisive milestone in Solvay's transformation and opens up new horizons for growth and innovation. Solvay is now a leading provider of lightweighting materials for the aerospace industry," said Jean-Pierre Clamadieu, CEO of Solvay. "Thanks to extensive preparations, we will now embark on a swift and efficient integration of Cytec's businesses and its talented teams into Solvay and to accelerate value generation for our shareholders."