GlobeNewswire 21-Mar-2017 7:00 AM
THE WOODLANDS, Texas, March 21, 2017 (GLOBE NEWSWIRE) -- Solvay and Nexeo Solutions, Inc. (NASDAQ:NXEO) announce that effective April 20, 2017, Nexeo Solutions will become an authorized distributor of the Solvay AEROSOL Surfactant Chemistry, formerly sold by Cytec Industries Inc., in the United States and Canada. This decision comes as a result of consolidation and rationalization efforts that will help Solvay focus on the continued development of solutions for the Coatings, Emulsion Polymerization and Industrial markets. Solvay acquired Cytec Industries Inc. in 2015. Solvay will continue to supply these products with the same manufacturing location, process and sales specifications.
We see a lot of development opportunities in this product line, said Joey Gullion, Vice President of Specialty Chemicals at Nexeo Solutions. Solvay is a leading global supplier of sulfosuccinate surfactants. The AEROSOL Surfactant product line is an industry standard in many of our key markets.
Solvay Novecare is a worldwide leader in specialty surfactants and a major player in polymers, amines, guar, and phosphorus derivatives. Solvay Novecare engineers and develops formulations that provide consumer products and state-of-the-art industrial applications with specific functional qualities designed to modify fluid behavior and deliver cleansing, dispersal, gelling, moisturizing, penetrating, softening or texturizing properties. These formulations are used in shampoos, detergents, paints and lubricants as well as in crop protection, mining and energy production and stimulation.
An international chemical and advanced materials company, Solvay assists its customers in innovating, developing and delivering high-value, sustainable products and solutions which consume less energy and reduce CO2 emissions, optimize the use of resources and improve the quality of life. Solvay serves diversified global end markets, including automotive and aerospace, consumer goods and healthcare, energy and environment, electricity and electronics, building and construction as well as industrial applications. Solvay is headquartered in Brussels with about 30,000 employees spread across 53 countries. It generated pro forma net sales of 12.4 bn in 2015, with 90% made from activities where it ranks among the worlds top 3 players. Solvay SA (SOLB.BE) is listed on Euronext in Brussels and Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR). references a registered trademark in the United States.
About Nexeo Solutions, Inc.
Nexeo Solutions is a leading global chemicals and plastics distributor, representing products from world-class producers to a diverse customer base. From product specification to sustainable solutions, the Company goes beyond traditional logistics to provide value-added services across many industries, including chemicals manufacturing, oil and gas, coatings, personal care, healthcare, automotive and 3D printing. The Company leverages a centralized technology platform to identify efficiencies and create solutions to unlock value for suppliers and customers. Learn more at www.nexeosolutions.com.
For Further Information: Media Relations, Nexeo Solutions Tel: +1.281.297.0851 Media.Relations@nexeosolutions.com Investor Relations, Nexeo Solutions Tel: +1.281.297.0856 Investor.Relations@nexeosolutions.com
Source: Nexeo Solutions, Inc.
Limited Time Offer:
Claim your free copy of income expert Bryan Perry's new report:
My Top Monthly Dividend Payer (8% Dividend Yield)
You'll also receive Bryan Perry's weekly e-letter, Dividend Investing Weekly, at no cost, along with other associated financial content and special offers.