Cytec to sell PSA product line to Henkel

Cytec Industries Inc. will sell its Pressure Sensitive Adhesives (PSA) product line to Henkel for a price of USD 105 million. According to Cytec, full year 2011 sales for the PSA product line were USD 94 million.

The technologies included in the PSA sale are Gelva GME and Ucecryl emulsion-based pressure sensitive adhesives, Gelva GMS and Solucryl solvent-based PSA's, and Gelva GMR UV-curable PSA's. These products are used in a variety of industrial and consumer markets including labels, tapes, graphics, and transdermal medical applications.

Approximately 80 PSA employees will transfer to Henkel upon the closing of the transaction.  The transaction is expected to close in the third quarter of 2012 and is subject to customary closing conditions.

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