3M have just completed the acquisition of the Solvay subsidiary Solvay Fluoropolymers Inc, via their subsidiary Dyneon. Terms of the transaction were not disclosed.
The purchase includes a polyvinylidene fluoride (PVDF) production facility in Alabama and a 50% interest in Alventia LLC, a joint venture between the two parties which produces VF2, a precursor to PVDF.
Solef, a PVDF grade used exclusively in the wire/cable and chemical processing industries marketed by Solvay, will be sold by Dyneon under a new name.
For more information on PVDF, click here.