Air Products to Sell Amines Business to Taminco

Portfolio Management Move Continues Focus on Strengthening Growth Businesses

25-Aug-2006

Air Products announced it has signed a definitive agreement to sell its amines business to Taminco. The sale is part of Air Products' ongoing portfolio management activities intended to make the company a more focused, less cyclical and higher growth company.

The sale of the amines business, which generated approximately $310 million in revenues in fiscal year 2006, includes production facilities located in Pace, Fla.; St. Gabriel, La.; and Camaçari, Brazil.

Air Products and Taminco expect the sale, which is subject to regulatory approvals and customary closing conditions, to be completed by the end of September.

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