CEO of Air Products spinoff says company set on growth

Air Products has been active in mergers and acquisitions for years. It has divested itself of various divisions, closing a chemicals plant in Glendon, for example, and exiting the medical-equipment business.

But never in its 75-year history has Trexlertown's Air Products spun off one of its businesses to form a separate company. That will happen next year with its Materials Technologies division, already renamed Versum Materials. Its soon-to-be chief executive, Guillermo Novo, will lead an estimated global workforce of about 3,300 at 24 plants, including more than 500 employees locally.

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