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August 10, 2005
By: KERRY PIANOFORTE
The European Commission approved plans by Belgium firm Solvay to purchase Ausimont of Italy, from Montedison for $1.14 billion. The acquisition of this fluorinated specialties group will significantly upgrade Solvay’s product portfolio, according to the company. Approval is conditional on two disposals by Solvay, one of which is a plant in Alabama which makes non-coating PVDF, a high performance fluropolymer.
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