Solutia Considers Possible Sale of Nylon Business

Solutia says it has retained HSBC Securities USA (New York) to explore strategic alternatives for its nylon business, including a possible sale. The company says it is the “appropriate time” to explore options that would better position both Solutia and its nylon business. It cites strong high-margin specialty chemical and performance materials businesses and current industry dynamics in the nylon segment. The nylon business generated 2007 net sales of $1.892 billion, or roughly 51% of Solutia’s total revenue. The nylon business’s...

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