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Article: News Digest.(Brief Article)
- Article from:
- Rubber & Plastics News
- Article date:
- July 1, 2002
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ExxonMobil completes deal
ExxonMobil Chemical finalized the acquisition of Akron-based Advanced Elastomer Systems L.P., expanding the company's global ethylene elastomers portfolio.
AES was formed in 1991 as a limited partnership between ExxonMobil Chemical and Solutia Inc. ExxonMobil announced plans early this year to acquire Solutia's 50-percent share of AES, after it was placed on the selling block last year.
AES will determine the extent and pace of integration between the two firms, but for the immediate future customers will continue to be called on by the same sales representatives.
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