Eastman to acquire Solutia
KINGSPORT, Tenn. & ST. LOUIS---Eastman Chemical Company and Solutia Inc. today announced that they have entered into a definitive agreement, under which Eastman will acquire Solutia, a global leader in performance materials and specialty chemicals.
Solutia Inc. said Monday it completed the $50 million sale of its nylon business to an affiliate of SK Capital Partners II, a New York-based private equity firm focused on the chemical, material and health-care sectors.