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3M completes purchase of Solvay Fluoropolymers, Inc.

Published on 2003-02-14. Author : SpecialChem

 

Dyneon LLC, a wholly owned subsidiary of 3M, announced that it has closed the previously announced transaction to acquire Solvay Fluoropolymers Inc, a subsidiary of Solvay America Inc. Terms of the transaction were not disclosed.

As a result of this transaction, polyvinylidene fluoride fluoroplastic products, formerly marketed under the Solef brand by Solvay Fluoropolymers Inc., will be marketed by Dyneon under the Dyneon brand. The acquisition includes the PVDF manufacturing facilities located in Decatur, Ala., and the remaining 50 percent interest in Alventia LLC, a joint venture between Solvay Fluoropolymers, Inc. and Dyneon that produces VF2-the principal building block of PVDF.


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