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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.
Composites One acquired Polynt Composites Distribution on December 2, 2019. Terms were not disclosed.
Solvay has appointed Composites One as a new North America distributor for its process materials and tooling product lines, effective December 12, 2018.