Dyneon LLC purchases Solvay Fluoropolymers. (Acquisitions, Expansions).Solvay America and Dyneon LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a wholly-owned subsidiary of 3M, have entered into a binding letter of intent for the sale of the North America-based Solvay Fluoropolymers to Dyneon, subject to final regulatory approvals. Financial details of the transaction will not be released. Solvay Fluoropolymers sells a line of polyvinylidene fluoride Polyvinylidene Difluoride, or PVDF is a highly non-reactive and pure thermoplastic fluoropolymer. It is also known as KYNAR® or HYLAR®. PVDF is a specialty plastic material in the fluoropolymer family; it is used generally in applications requiring the (PVDF PVDF polyvinylidene difluoride ) homopolymers and copolymers and has manufacturing facilities in Decatur, AL. Those facilities include a 50% interest in Alventia LLC, a joint venture with Dyneon that produces VF2, a building block of PVDF. The PVDF facility began operations during the fourth quarter of 2000. The transaction would involve the transfer of the company's employees to Dyneon. The transaction was initiated in response to divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). orders of U.S. and European regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities , which arose from Solvay S.A.'s acquisition of Ausimont S.p.A. earlier this year. If approved, the sale of Solvay Fluoropolymers to Dyneon LLC is anticipated to close before the end of 2002. |
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