…but carries on buying

Gibson, Jane
January 2007
ICIS Chemical Business;1/8/2007, Vol. 2 Issue 48, p7
Trade Publication
This article states that in mid-December 2006 chemical manufacturer Solutia agreed to buy Akzo Nobel's stake in Flexsys, its 50:50 rubber chemicals joint venture. It will also acquire Akzo Nobel's Crystex business in Japan. The proposed transaction is subject to approval by the US Bankruptcy Court and the usual regulatory approvals. Flexsys supplies chemicals to the rubber industry and had sales of $600 million in 2005.


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