ExxonMobil to integrate AES via transition teams. (Supplier News).(Brief Article) From: European Rubber Journal | Date: July 1, 2002| Author: Shaw, David | COPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

ExxonMobil Chemical Co. has completed its acquisition of Solutia Inc.'s stake in Advanced Elastomer Systems (AES), for an agreed price of "approximately $102 million," according to Solutia's recent results statement. AES was previously a 50:50 joint venture between the two firms.

The deal will enhance ExxonMobil's global ethylene elastomers portfolio, according to a 21 June company announcement. With annual sales of around $300 million Akron, Ohio-headquartered AES is th...

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