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September 9, 2005
By: DAVID SAVASTANO
Editor, Ink World Magazine
ExxonMobil Chemical has announced plans to become the owner of Advanced Elastomer Systems (AES) by acquiring Solutia Inc.’s 50 percent interest in AES. ExxonMobil Chemical and Solutia have signed a binding contract for this acquisition subject to government reviews. AES, formed in 1991, is a limited partnership between ExxonMobil Chemical and Solutia. Headquartered in Akron, OH, AES has annual sales of approximately $300 million and employs nearly 700 people worldwide. “This ac...
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