Ferro to Acquire Solutia's Polymer-Modifiers Business
Solutia announced a definitive agreement to sell its polymer-modifiers business and related manufacturing facilities to Ferro.
ST. LOUIS — Solutia Inc. announced a definitive agreement to sell its polymer-modifiers business and related manufacturing facilities to Ferro Corp. The sale is expected to be completed late this summer.
The agreement calls for Ferro to acquire Solutia’s Santicizer brand of plasticizers, as well as Solutia’s Delaware River Plant in Bridgeport, NJ. Also included are manufacturing units at plants in Wales and Belgium. Approximately 200 Solutia employees would become employees of Ferro.