UCB to acquire Solutia's Resins, Additives & Adhesives

UCB has reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee. The new entity will focus on resins for industrial and specialty coatings, graphic arts and adhesives, using environmentally friendly technologies, according to UCB.

The activities taken over by UCB from Solutia will include liquid coating resins (including waterborne and high-solids), technical resins, additives and adhesives. These activities are mainly geared towards high-end industrial coating applications, with a particular focus on metal and automotive.