# Composites One to acquire Solvay's Process Materials business

Solvay has entered exclusive negotiations to sell its Process Materials business to Composites One LLC. The transaction is expected to close in early Q1 2021, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2020-11-05
- Where: United States
- Status: announced
- Products: vacuum bagging materials, consumable kits, tooling
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Solvay](https://endata.com/companies/1830.md) (target)
- [Composites One](https://endata.com/companies/36078.md) (acquirer)

## Sources

- [solvay.com](https://www.solvay.com/en/press-release/solvay-receives-binding-offer-from-composites-one), 2020-11-05: "The proposed transaction will deliver value for our shareholders and enable Solvay to continue focusing on our core composites technology portfolio."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.