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Round led by Solvay North American Investments, LLC
August 20, 2009
By: DAVID SAVASTANO
Editor, Ink World Magazine
Plextronics, Inc. announced that it has completed a $14 million Series B-1 financing round. The round was led by Solvay North American Investments, LLC, a member of the Solvay Group, which is an international chemical and pharmaceutical group headquartered in Brussels, Belgium. Marking Solvay’s second investment in three years, its $12 million investment makes Solvay the largest minority shareholder in Plextronics. Plextronics’ president and CEO Andy Hannah said that the financing will allow ...
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