Honeywell protests chemicals deal

August 9, 2003 – Honeywell is seeking an injunction to put on hold Air Products’ $300 million acquisition of Ashland’s chemicals business last month. Honeywell claims the purchase violates a strategic alliance between Air Products and GEM Microelectronic Materials, a JV owned by Honeywell and Mitsubishi Chemical that makes wet process chemicals for the semiconductor industry. Ashland and GEM are both in the top three in chemicals suppliers.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.