ST. LOUIS (July 19) — Solutia Inc.´s Flexsys S.p.A. subsidiary has completed its acquisition of Chemetall GmbH´s rubber chemicals business. Terms of the deal weren´t disclosed.
Flexsys and Chemetall signed the tentative agreement prior to Solutia´s May purchase of Flexsys, and the deal was completed after receiving German regulatory approval.
Chemetall´s rubber chemicals business makes zinc ditihocarbamates, a line of specialty chemicals used to speed up rubber vulcanization. Flexsys already manufactures DTCs, so it said it is equipped to meet demand from Chemetall´s customers. No production assets were included in the deal.