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Air Products Sells North American Svs Distribution Activities
October 31, 2005
Air Products, Lehigh Valley, PA, has announced the sale of its sodium vinyl sulfonate (SVS) North American distribution activities to Proviron Fine Chemicals NV of Ostend, Belgium. Air Products' decision to exit the SVS business came as an acknowledgement of Proviron's superior position to serve North American customers, which will allow 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 purchased SVS from Proviron and conducted North American sales, marketing, and distribution for the product. These activities will all be fully assumed by Proviron with the sale.