Solutia, St. Louis, MO, a manufacturer and provider of interlayers of laminated glass, aftermarket window films, specialty chemicals and an integrated family of nylon products, has reached a definitive agreement to purchase Akzo Nobel N.V.'s stake in Flexsys, the 50/50 rubber chemicals joint venture between Akzo Nobel and Solutia.Solutia, St. Louis, MO, a manufacturer and provider of interlayers of laminated glass Noun 1. laminated glass - glass made with plates of plastic or resin or other material between two sheets of glass to prevent shattering safety glass, shatterproof glass glass - a brittle transparent solid with irregular atomic structure , aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. window films, specialty chemicals and an integrated family of nylon products, has reached a definitive agreement to purchase Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. N.V.'s stake in Flexsys, the 50/50 rubber chemicals joint venture between Akzo Nobel and Solutia. Solutia and Akzo Nobel have entered into a letter agreement committing the parties to execute the definitive agreement upon completion of consultation with Dutch employee works council Noun 1. works council - (chiefly Brit) a council representing employer and employees of a plant or business to discuss working conditions etc; also: a committee representing the workers elected to negotiate with management about grievances and wages etc representatives (www.solutia.com). |
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