Solutia Inc. buying out partner

Esposito, Frank
December 2005
Plastics News;12/5/2005, Vol. 17 Issue 40, p35
Trade Publication
This article reports that Solutia Inc. is buying out a partner's share in a Mexican plastics joint venture for $19.6 million. In the deal, Solutia is buying Vitro Plan SA de CV's 51 percent stake in Quimica M SA de CV, a venture that makes polyvinyl butral interlayers for the glass market at a plant in Puebla, Mexico. According to company officials, the acquisition will enhance Solutia's position in the market for laminated glazing interlayers. Solutia will continue to supply Vitro Plan and related firms with the interlayers.


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