Solvay Explores Separation into Two Independent Companies
BRUSSELS — Solvay announced it is reviewing plans to separate the company into two independent publicly traded companies. The two separate companies would be named EssentialCo and SpecialtyCo.
EssentialCo would comprise leading mono-technology businesses including soda ash, peroxides, silica and coatis, which are reported as the company’s Chemicals segment, as well as the Special Chem business. These businesses are reported to have generated approximately €4.1 billion in net sales in 2021.