Cytec Buy To Boost Solvay’s Aerospace Composite Biz
Belgian chemical company Solvay says the $5.5 billion cash acquisition of U.S.-based Cytec will make it the second-largest player in aerospace composite materials, behind Hexcel. Aerospace accounts for half of Cytec’s $2 billion in annual sales, and Solvay expects to double its aerospace sales to $4...
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