Solvay expands portfolio via acquisition of Ryton PPS

Brussels - Solvay recently completed its acquisition of Ryton PPS (polyphenylene sulphide) business from Chevron Phillips Chemical Company for $220 million. This expands Solvay's range of high-performance polymers for growth markets. 

 

Solvay’s Global Business Unit (GBU) Specialty Polymers has bought two Ryton PPS resin production units in Texas, a pilot plant and R&D laboratories in Oklahoma, and a compounding plant in Belgium resulting in about 200 employees joining the Solvay Group. 

 

Chevron Philips Chemical’s compounding unit in Texas will provide temporary tolling services to Solvay as part of the transition. Solvay Specialty Polymers, in this recent acquisition, will be able to respond with innovative and demanding applications in transportation, automotive in particular, in electronics and in filter bags. The acquisition is part of Solvay's strategic move to enhance its specialized solutions, deliver higher growth and greater returns while reducing cyclicality. 

 

The Ryton PPS businesses will be consolidated into Solvay's accounts as of January 1, 2015.