Solutia to Buy Out Flexsys

Solutia says it has agreed to acquire full ownership of Flexsys (Brussels), its 50-50 rubber chemicals joint venture with Akzo Nobel. Terms were not disclosed. Closure of the deal is contingent on Solutia receiving approval from the U.S. Bankruptcy Court. Flexsys has been on the block on and off since 2001. It has annual sales of about $600 million, Solutia...

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