ExxonMobil Chemical completes AES acquisition. (Acquisitions, Expansions).
ExxonMobil Chemical, Houston, TX, has finalized See finalization. the acquisition of
Advanced Elastomer elastomer (ĭlăs`təmər), substance having to some extent the elastic properties of natural rubber. The term is sometimes used technically to distinguish synthetic rubbers and rubberlike plastics from natural rubber. Systems, significantly expanding the company's
global ethylene ethylene (ĕth`əlēn') or ethene (ĕth`ēn), H2C=CH2, a gaseous unsaturated hydrocarbon. It is the simplest alkene. 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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