Dyneon completes Solvay Fluoropolymers purchase

ST. PAUL, Minn. (Jan. 22)—Dyneon L.L.C. has completed its previously announced purchase of Solvay Fluoropolymers Inc., a producer of polyvinylidene fluoride fluoropolymers used extensively in the wire/cable and chemical-processing industries. Dyneon, a subsidiary of 3M Co., and Solvay America Inc. did not disclose terms of the transaction, which involves the PVDF plant in Decatur, Ala., and the remaining 50-percent interest in Alventia L.L.C., a Solvay Fluoropolymers-Dyneon joint venture that produces VF2—the principal building block of PVDF. Dyneon, a leading fluoroelastomers producer, said this acquisition reflects its interest in expanding its fluoropolymers business. Dyneon obtained the right to use the Solef registered trademark for one year, but said in a news release it would market the PVDF materials under the Dyneon name.