Flexible Electronics News

Solutia Announces Agreement to Acquire Etimex Solar

Positions Solutia as a global provider of both major encapsulants to the fast-growing PV industry

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Solutia Inc. announced that it has reached a definitive agreement to purchase Etimex Solar GmbH, a wholly owned subsidiary of Etimex Holding GmbH, which is controlled by funds affiliated with Alpha Gruppe. The purchase price of €240 million in cash is expected to be financed from existing cash on the balance sheet and additional debt. Etimex Solar is a leading supplier of ethylene vinyl acetate (EVA) encapsulants to the photovoltaic market. The acquisition is a significant step in Solutia&#8...

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