Air Products to Acquire German Epoxy Additives Maker S.I.Q.

12-Mar-2009 - Germany

Air Products announced it has reached an agreement to acquire S.I.Q. - Beteiligungs GmbH, a manufacturer of epoxy additives based in Marl, Germany. The transaction, terms of which are not being disclosed, is subject to regulatory approval and customary closing conditions.

“The acquisition of S.I.Q. gives us complementary product lines for the construction and coatings markets,” said Mike Hilton, senior vice president and general manager, Electronics and Performance Materials, for Air Products. “S.I.Q.’s line of epoxy resin/hardeners and reactive diluents will mesh nicely with Air Products’ epoxy curatives and broaden our offering to thesemarkets.”

S.I.Q. was founded in 2000 and since 2001 has been led by Karlheinz Schoennagel.

“We are delighted Air Products sees our epoxy business as a valuable growth platform for their global epoxy additives business,” said Schoennagel. “We look forward to ensuring a smooth transition to Air Products.”

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