Solutia Divests Perkalink Business; Enters Agreement to Sell Primary Accelerators Assets

Solutia Inc. (NYSE: SOA) announced today that it has sold its Perkalink(R) business and entered into a definitive agreement to sell select Primary Accelerators assets to LANXESS, a Germany-based specialty chemicals company.

"The sale of the Perkalink business is yet another strategic step forward in focusing Solutia's Flexsys(R) portfolio on the manufacture and supply of high-value, global market-leading rubber chemicals," said Greta Senn, president and general manager of Solutia's Technical Specialties division. "In addition, our ability to sell select assets of Solutia's discontinued Primary Accelerators business allows us to maximize the value of those assets as we exit the business."

Source: http://www.Solutia.com/