Taminco Corporation (NYSE: TAM) announced today that it has commenced a public secondary offering of its common stock (the "Offering"). In the Offering, which is subject to market and other conditions, certain of the Company's stockholders intend to offer 10,000,000 shares of common stock for sale and grant the underwriters the right to purchase up to 1,500,000 additional shares from certain of the Company's stockholders. All of the shares in the Offering are being offered by selling stockholders. The Company will not receive any of the proceeds from the Offering.
Taminco is a holding company. Through its subsidiaries, Co. is engaged as a pure play producer of alkylamines and alkylamine derivatives. Co. products are used by its customers in the manufacturing of everyday products primarily for the agriculture, water treatment, personal & home care, animal nutrition and oil & gas end-markets. Co.'s products provide these goods with a variety of ancillary characteristics required for optimal performance, such as neutralizing acidity, and removing contaminants. Co. operates in 19 countries with seven production facilities. Co. is organized into three segments: Functional Amines, Specialty Amines, and Crop Protection.
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