Solutia Inc. Sells Perkalink Business, Primary Accelerators Assets to LANXESS

Strategic Insights -

Solutia Inc., a leading specialty chemicals company, has sold its Perkalink business and entered into a definitive agreement to sell select Primary Accelerators assets to LANXESS, a Germany-based specialty chemicals company. The sale is a strategic step forward for Solutia's Flexsys portfolio, which focuses on the manufacture and supply of high-value, global market-leading rubber chemicals. Solutia's Technical Specialties division offers advanced chemical and specialty products that meet or exceed rigorous specifications and are distributed through a reliable, global supply system. The Perkalink business represented less than 1% of Solutia's consolidated sales in 2009.

Key Takeaways:

  • Solutia Inc. has sold its Perkalink business to LANXESS, a Germany-based specialty chemicals company.
  • The sale is part of Solutia's strategic focus on the manufacture and supply of high-value, global market-leading rubber chemicals through its Flexsys portfolio.
  • Solutia's Technical Specialties division offers advanced chemical and specialty products that meet or exceed rigorous specifications and are distributed through a reliable, global supply system.
  • The Perkalink business represented less than 1% of Solutia's consolidated sales in 2009.
  • The sale of select Primary Accelerators assets to LANXESS allows Solutia to maximize the value of those assets as it exits the business.
  • Greta Senn, president and general manager of Solutia's Technical Specialties division, commented on the sale as a strategic step forward for the company.
  • Flexsys products help control the process of manufacturing rubber, while improving its durability, flexibility, and appearance.

Statistics:

  • The Perkalink business represented less than 1% of Solutia's consolidated sales in 2009.
  • The sale of select Primary Accelerators assets to LANXESS allows Solutia to maximize the value of those assets as it exits the business.

Sources:

  • "Solutia Inc. (NYSE: SOA) announced today that it has sold its Perkalink(R) business and entered into a definitive agreement to sell select Primary Accelerators assets to LANXESS, a Germany-based specialty chemicals company." - Solutia Inc. press release
  • "The sale of the Perkalink business is yet another strategic step forward in focusing Solutia's Flexsys(R) portfolio on the manufacture and supply of high-value, global market-leading rubber chemicals," said Greta Senn, president and general manager of Solutia's Technical Specialties division.
  • "In addition, our ability to sell select assets of Solutia's discontinued Primary Accelerators business allows us to maximize the value of those assets as we exit the business." - Greta Senn, president and general manager of Solutia's Technical Specialties division.