Air Products sells sodium vinyl sulfonate North America distribution activities to Proviron Fine Chemicals
Air Products announced that it has sold its sodium vinyl sulfonate (SVS) North American distribution activities, effective October 1, 2005, to Proviron fine chemicals NV of Ostend, Belgium. With this acquisition, Proviron reinforces its worldwide sales and marketing activities for SVS. Air Products' decision to exit the SVS business was related to recognition of Proviron's superior position to serve North American customers, allowing Air Products to focus on the growth of its Performance Materials business.
The sale includes Air Products' SVS customer lists, but does not directly impact any employees or physical production facilities. Previously, Air Products was purchasing SVS from Proviron and conducting North American sales, marketing and distribution for the product. These activities will all be fully assumed by Proviron with the sale.
SVS is used as an emulsifying agent in water-based systems. Diverse end-product markets served include paints, glues, photography, and galvanic baths for metals processing, among other applications.
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