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People & Business :: M&A
Solvay to acquire stake in Canadian thermoplastic composites firm
7:54 AM MDT | October 23, 2013 | Francinia Protti-Alvarez
Solvay has reached an agreement to acquire a financial interest in Aonix Advanced Materials (Ottawa, ON), a developer of advanced composite materials and manufacturing systems. Solvay will partner with Aonix to accelerate development and commercialization of mass-produced thermoplastic composites made of Solvay’s high-performance polymers for applications in mobile electronics, automotive, oil and gas, and sporting goods. A final agreement is expected to close in late November. Financial details of the transaction have not been disclosed. “We’re...
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