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Proceeds from the sale will help Solutia pay down debt under its asset-based revolving credit facility. Solutia Inc. (St. Louis, MO) will sell its nylon business to an affiliate of the chemical, material, and healthcare-focused private equity firm SK Capital Partners II LP (New York, NY). In return for the unit, which Solutia has been shopping since last summer, it will receive $50 million in
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Pensacola, FL, March 30, 2007--According to a report from Chemical Business, Solutia is bringing onstream two 40,000 ton per year nylon 6,6 lines at its Pensacola, Florida facility.
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