“Unveiling the logo for Versum Materials is another important step in our journey to operate Versum Materials separately with a distinct identity, brand and purpose. We will set up Versum Materials to be a best-in-class specialty materials company, committed to innovating performance-critical products for customers, delivering strong financial results for shareholders, and advancing employees,” said Seifi Ghasemi, chairman, president and chief executive officer (CEO) at Air Products. After the spin-off, Ghasemi will maintain his role at Air Products and be the non-executive chairman of Versum Materials.
Guillermo Novo, who will become Versum Materials’ CEO said, “The name ‘Versum’ communicates our new company’s ability to continuously move toward materials, which is core to our own business, and to provide cutting-edge solutions and innovation. The Versum Materials logo was designed to represent the action of moving forward, energy and forward-thinking ideas to take flight.” As part of its branding efforts, in addition to the logo, Versum Materials will also introduce the company’s new visual identity early next year and will begin to use elements of its new logo and branding to begin positioning itself in the marketplace as an independent and publicly-held company.
The new company, Versum Materials, will be a global business that delivers specialty solutions focused within niche markets, holds leading positions in most of its end-markets, is focused on innovation-driven solutions, and has strong growth prospects. The Electronic Materials Division provides tailored solutions and materials to customers in the semiconductor industry, while the Performance Materials Division provides epoxy, polyurethane, and specialty additives to the construction, composites, adhesives, coatings and other industries. Versum Materials will have a workforce of approximately 3,200 employees and operate in more than 12 countries across the globe.
In December, Versum Materials filed its initial Form 10 registration statement with the SEC. The Form 10 is not yet effective and, as is customary, will be updated to provide additional information regarding capital structure, pro forma unaudited results and other details as they become available. The Form 10 filing and related information can be found at www.airproducts.com/versummaterials.
Versum Materials intends to apply to have its common stock authorized for listing on the New York Stock Exchange, Inc.