Air Products Confirms Sale of European Methylamines and Derivatives Business

23-Apr-2004

Air Products confirmed it has sold certain assets relating to its European methylamines and Derivatives (EM&D) business to Taminco for an undisclosed fee, subject to regulatory approval. The transaction excludes Air Products' North American Methylamines business and the global Higher amines business. The divesture of the EM&D business is part of Air Products' ongoing portfolio management review and is an example of the company's work to refocus its activities on high value growth platforms. Air Products is confident that by transferring its business to Taminco, it has selected a committed buyer who is one of the world's significant producers of methylamines.

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