Ferro to Purchase Polymer Modifiers Business
Ferro would also acquire additional manufacturing units in the Solutia plant at Newport, Wales, United Kingdom, and in a plant owned by Monsanto Co. (a unit of Pharmacia Corp.) in Antwerp, Belgium. Solutia would retain ownership of the unit at Delaware River to manufacture Tetrathal flame retardant. Each unit would be operated by the plant’s primary owner under a long-term agreement. Approximately 200 Solutia employees would become employees of Ferro.