The 2020 Mid-Year Economic Update_long

Air Products Announces Name for Spin-off Business

Materials technologies business to spin-off as Versum Materials.

Air Products (NYSE: APD), Lehigh Valley, PA, has chosen Versum Materials as the name for the materials technologies business it plans to spin-off. The new name is derived from the Latin word for toward.

Materials technologies, with fiscal 2015 sales of $2.1 billion, has 3,300 employees and operates in more than 12 countries. Its electronic materials division provides materials to the semiconductor industry, while the performance materials division provides epoxy additives, polyurethane additives and specialty additives to the construction, composites, adhesives, coatings and other industries.

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