UCB to acquire Solutia resins, additives and adhesives

Citation

(2003), "UCB to acquire Solutia resins, additives and adhesives", Pigment & Resin Technology, Vol. 32 No. 2. https://doi.org/10.1108/prt.2003.12932bab.031

UCB to acquire Solutia resins, additives and adhesives

UCB to acquire Solutia resins, additives and adhesives

Keywords: UCB Group, Solutia Inc., Resins, Additives, Adhesives

UCB Group and Solutia Inc., have announced a definitive agreement under which UCB will acquire Solutia’s resins, additives and adhesives businesses for 500 million USD, plus a 10 million USD exclusivity fee. The acquisition includes Solutia’s liquid- and powder-coatings resins, technical resins, additives, and adhesives product used primarily in industrial applications, with an emphasis on the metal and automotive segments. The acquisition includes the former Vianova resins and additives business. The acquisition will include approximately 1,700 employees, located in a number of research facilities and sales offices, and ten production sites. The transaction is expected to close pending regulatory approvals early in 2003.