Air Products inks deal to sell polyurethane pre-polymers business to COIM USA

21-Oct-09

Air Products has signed an agreement to sell its polyurethane pre-polymers business, marketed under the Airthane and Versathane tradenames, to COIM USA Inc., a fully owned subsidiary of global polyurethane chemicals producerCOIM SpA. Air Products' manufacturing facility in Paulsboro, N.J is also included in the deal, whose terms have not been disclosed. Polyurethane pre-polymers are used in many cast elastomer markets, such as industrial tires and wheels, printing rollers, cutting and metal forming blankets, and custom parts for dynamic performance and durability. Air Products will continue to focus on its polyurethane specialties business, with high expectations for continued global growth in Dabco and Polycat PU catalysts and surfactants, Versalink curatives, and our new Innovathane and Ancarez ISO products for the Polyurea coatings and construction markets.