Solvay sells Formulated Resins business to ALTANA AG
The divestment represents a strong strategic fit for both Solvay and ELANTAS,” commented Michael J. Radossich, President, Solvay Technology Solutions. “This transaction enables Technology Solutions to further extend our leadership position in our core polymer additives business. In ALTANA, the Formulated Resins business has a strategic buyer to position it for continued growth.
Solvay Technology Solutions is a global business unit of the Solvay Group and is comprised of Mining Solutions, Phosphorus Specialties and Additive Technologies business lines. The GBU innovates, manufactures and delivers sustainable solutions to its customers in the mining, agriculture, agrochemicals, automotive, electronics and industrial markets, among others.
An international chemical and advanced materials company, Solvay assists its customers in innovating, developing and delivering high-value, sustainable products and solutions which consume less energy and reduce CO2 emissions, optimize the use of resources and improve the quality of life. Solvay serves diversified global end markets, including automotive and aerospace, consumer goods and healthcare, energy and environment, electricity and electronics, building and construction as well as industrial applications. Solvay is headquartered in Brussels with about 30,000 employees spread across 53 countries. It generated pro forma net sales of € 12.4 bn in 2015, with 90% made from activities where it ranks among the world’s top 3 players. Solvay SA (SOLB.BE) is listed on Euronext in Brussels and Paris (Bloomberg: SOLB:BB – Reuters: SOLB.BR).
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