ExxonMobil Chemical to Acquire All of Venture Unit
February 28, 2002
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HOUSTON - ExxonMobil Chemical announced an agreement to acquire Solutia Inc.'s 50% stake in Advanced Elastomer Systems, a partnership business of ExxonMobil Chemical and Solutia.
The business, launched in 1991, is a producer of engineered thermoplastic elastomers used in various markets, including automotive, construction, consumer goods, electrical, and others.
