Solvay Sells Process-Materials Business To Composites One
March 02 2021 - 11:34AM
Dow Jones News
By Joshua Stein
Solvay SA has sold its process-materials business to
Illinois-based firm Composites One LLC, the American company said
Tuesday.
The American company has rebranded the business, which was a
part of Solvay's Composites Materials Global Business, as Aerovac.
The business produces, develops and supplies process materials and
services involved in industrial applications, Composites One
said.
The companies didn't disclose the financial terms of the
acquisition.
The sale follows substantial divestments by Solvay, most
recently of its North American and European amphoteric surfactant
business to U.S. private equity firm OpenGate Capital, which it
announced in January.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
March 02, 2021 11:19 ET (16:19 GMT)
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