Air Products announced that it has completed the separation of its Electronics Materials Division through the spinoff of Versum Materials Inc.

Versum begins “regular way” trading today on the New York Stock Exchange under the symbol “VSM.”Air Products common stockholders receive one share of common stock of Versum for every two shares of Air Products stock held as of the close of business on Sept. 21.“I am confident that Versum Materials has been set up for a successful future, and the team can now fully pursue the goal of being the premier specialty materials provider to the semiconductor industry,” said Seifi Ghasemi, chairman, president and chief executive officer of Air Products and nonexecutive chairman of the Versum board of directors.“Meanwhile, we continue to work to complete the sale of our Performance Materials Division as soon as possible. As a result of these two moves, which are consistent with our Five-Point Plan, Air Products will be in an even stronger position to deliver for our shareholders by taking advantage of the exciting investment opportunities.”Air Products is a world-leading Industrial Gases company celebrating 75 years of operation. The company’s core Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage.