Ciba Specialty Chemicals agrees to sell majority of its ownership in Hexcel
"We're building a compact portfolio of businesses with synergies in shared technologies and markets, and, are specifically strengthening our high potential areas," said Rolf A. Meyer, Ciba's chairman and chief executive officer. "Today's sale reflects Ciba's ongoing strategy of exiting non-strategic businesses that have little in common with our key operations. This sale completes Ciba's major, planned divestment program."
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