Solvay successfully completes acquisition of Ausimont, confirms leadership in fluorinated specialities
US and European competition authorities approved the Group's largest acquisition ever
The approval of the European Commission and the Federal Trade Commission was subject to the following divestments :
Ausimont's persalts businesses in Bussi (Italy), which include a 50% shareholding in MedAvox, a joint venture with Degussa; Ausimont's hydrogen peroxide activities in Bussi, on which MedAvox depends for the supply of feedstock; Solvay's polyvinylidene fluoride (PVDF) activities in Decatur (Alabama), which include a 50% shareholding in Alventia, a joint venture with Dyneon that manufactures VF2 - a building block of PVDF.
The integrity of Ausimont as a producer of fluorinated specialties and the efficiency of the combined businesses will be unaffected by the divestments of these activities, which had a total proforma turnover of EUR 74 million in 2001.
Most read news
Topics
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.