LEHIGH VALLEY, Pa. - Air Products has sold its sodium vinyl sulfonate (SVS) North American distribution activities to Proviron Fine Chemicals NV of Ostend, Belgium. With this acquisition, Proviron reinforces its worldwide sales and marketing activities for SVS. Air Products' decision to exit the SVS business was related to recognition of Proviron's superior position to serve North American SVS customers, allowing 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 was purchasing SVS from Proviron and conducting North American sales, marketing and distribution for the product. These activities will all be fully assumed by Proviron with the sale.