Air Products announced its intention to sell its APP and WPS shareholdings in March 2006. Currently, Wacker owns 35% and Air Products 65% of APP. As for WPS, Wacker holds 80% and Air Products, 20%.
The planned acquisition focuses on the activities of APP and WPS in vinyl acetate ethylene-based dispersions and dispersible polymer powders. Consequently, Wacker plans to acquire all of the two companies´ related activities at their APP and WPS sites in Allentown, PA, Calvert City, KY, South Brunswick, NJ, Cologne and Burghausen, Germany and Ulsan, Korea. Wacker intends to continue operating this business out of the Lehigh Valley. and the U.S.