NJ-based resins business Cytec sells to private equity firm Advent for $1 billion

Advent International Corp., a Boston- based private-equity firm, agreed to acquire Cytec Industries Inc.’s coating resins business for $1.03 billion. The deal is expected to close in the first quarter of 2013, Woodland Park, New Jersey-based Cytec said in a statement today. Advent agreed to assume liabilities of $118 million.

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