SK Capital Partners , an investment firm based in New York City and Boca Raton, Fla., has added Solutia Inc.’s integrated nylon chemical, plastic and fiber business to its portfolio. The business has been re-named Ascend Performance Materials, and will be led by former American Standard chairman and CEO Frederic Poses. Solutia/Ascend had $1.8 billion in revenues in 2008. SK Capital Partners has special investment expertise in the areas of specialty materials, specialty chemicals and healthcare.
Solutia Inc. becomes Ascend Performance Materials
August 1st, 2009 / By: IFAI / Industry News
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