2002/6/21 ExxonMobil http://www.santoprene.com/site/Resource_Library/News/10027.html
ExxonMobil Chemical completes acquisition of Advanced Elastomer Systems
ExxonMobil Chemical today
announced it has finalized the acquisition of Advanced Elastomer
Systems (AES), significantly expanding the company's global
Ethylene Elastomers portfolio. Earlier this year, ExxonMobil announced
plans to acquire Solutia Inc.'s 50 percent interest in AES.
"Combining the AES and ExxonMobil Chemical product families offers customers the broadest range of ethylene elastomer products with a worldwide integrated supply," said Mary Ahner, vice president, ExxonMobil Chemical Company. "Both companies' combined years of technology innovation and world class technical service further strengthens our customer support."
Transition Team Leader, Jeff Davis explained, "Transition teams, comprised of members from both ExxonMobil and AES, will determine the extent and pace of integration between the two organizations. For the immediate future, customers will continue to be called on by the same sales representatives."
AES, formed in 1991 as a
limited partnership between ExxonMobil Chemical and Solutia Inc.,
is headquartered in Akron, Ohio, U.S.A. and has annual sales of
approximately $300 million. AES is known worldwide for excellence in
thermoplastic vulcanizates (TPVs), products that perform like
rubber and process like plastic, offering customers design
options, cost reduction, and performance improvements.
The company brings its flagship
product Santoprene® TPV to
applications in automotive, construction, consumer goods,
electrical, food and beverage, plumbing and irrigation, and
medical markets throughout the world.
With marketing and operations in more than 150 countries around the world, ExxonMobil Chemical and its affiliates are recognized worldwide as the pre-eminent Ethylene Elastomers supplier in product quality, technology, supply reliability, and customer service. ExxonMobil Chemical is a division of Exxon Mobil Corporation.
Solutia was founded in St. Louis in 1901 as Monsanto Company. For decades, chemicals were the foundation of Monsanto, which eventually expanded beyond its original identity as a local producer of saccharin to become one of the world's leading chemical companies by the 1960s.
Solutia was created as an independent company on September 1, 1997, after Monsanto shareholders approved the spin-off of the company's chemical businesses. Today, Solutia is a specialty chemicals company with a growth-oriented business strategy that drives our commitment to excellent customer service. A true global enterprise, Solutia has more than $3 billion in annual sales, $4 billion in assets and more than 10,000 employees located at 35 manufacturing sites throughout 13 countries.
Chemnet Tokyo 2002/9/13