December 06, 2004 Lehigh Valley, Pa.
On 29th November, the Competition Commission announced that it has formally cleared the acquisition of Air Products' European Methylamines and Derivatives business (EM&D) by Taminco. Both Taminco and Air Products are now working to complete the sale.
"The divestiture of the EM&D business is part of Air Products' ongoing portfolio management review and is an example of our work to refocus on our activities" explained Geoff Ingham, Air Products' global Business Manager, Amines.
Pol Vanderhaeghen, Taminco's Chief Executive Officer, adds: "This acquisition confirms our long-term commitment to the methylamines business and diversifies our supply of derivatives to the marketplace."