ExxonMobil Chemical completes AES acquisition. (Acquisitions, Expansions).

ExxonMobil Chemical, Houston, TX, has finalized the acquisition of Advanced Elastomer Systems, significantly expanding the company's global ethylene elastomers portfolio. Earlier this year, ExxonMobil announced plans to acquire Solutia's 50% interest in AES. AES, formed in 1991 as a limited partnership between ExxonMobil Chemical and Solutia, is headquartered in Akron, OH, and has annual sales of approximately $300 million.

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Title Annotation:	ExxonMobil Chemical Co. acquires Advanced Elastomer Systems L.P.
Comment:	ExxonMobil Chemical completes AES acquisition. (Acquisitions, Expansions).(ExxonMobil Chemical Co. acquires Advanced Elastomer Systems L.P.)
Publication:	Rubber World
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Jul 1, 2002
Words:	59
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Topics:	Chemical industry Mergers, acquisitions and divestments Chemicals Plastics Plastics industry Mergers, acquisitions and divestments

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