Degussa’s methacrylate activities will be combined with CYRO’s activities in the Americas following closing. As a result of this transaction, Degussa will consolidate its position as a leading global supplier of methylmethacrylates (MMA), specialty monomers and polymers. The agreement includes four manufacturing facilities: Wallingford, CT; Fortier, LA; Osceola, AR; and Sanford, ME; R&D assets; and sales and technical service locations in North America. The business being acquired includes nearly 680 CYRO personnel.
“Acquiring the chemistry and range of products manufactured and distributed by CYRO is a great fit with our core portfolio,” said Utz-Hellmuth Felcht, chairman of the board of management of Degussa. “We enhance our leading market position in monomers and specialty polymers, positioning Degussa for growth both in North America and worldwide.