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SK Capital Completes Acquisition of Solutia's Nylon Business
2:55 PM MDT | June 1, 2009 | Nancy Seewald
Private equity firm SK Capital Partners (New York) says it has completed its $50-million acquisition of Solutia’s integrated nylon business, and has renamed the business Ascend Performance Materials. Wells Fargo Foothill provided the financing to complete the deal, SK says. “We are attracted by the growth opportunities that exist within Ascend’s businesses, which have solid fundamentals, a strong customer base, and talented people,” says Frederic Poses, who will lead the nylon business. Ascend has annual sales of about $1.8 billion...
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