ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Solvay divests acetate and vinyls

by Alexander H. Tullo
December 19, 2016 | APPEARED IN VOLUME 94, ISSUE 49

Solvay will sell its business in cellulose acetate tow, a fiber used to make cigarette filters, to the private equity firm Blackstone in a deal worth $1.1 billion. The business, called Solvay Acetow, generated nearly $600 million in sales in 2015. It employs 1,300 workers and operates plants in Brazil, France, Germany, Russia, and the U.S. Separately, Solvay has agreed to sell its 59% stake in the Thai polyvinyl chloride producer Vinythai to Asahi Glass in a deal that values the firm at about $465 million. Solvay earlier sold its European PVC business and is selling its Brazilian PVC business.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment