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Belgium/US: Solvay set to deepen impact on US oil market

 |  October 7, 2013

Belgium-based Solvay announced Monday plans to acquire California-based Chemlogics Group in a $1.35 billion deal set to strengthen Solvay’s presence and influence within the US oil and gas chemicals market.

According to Solvay, the deal will land 10 percent of the US’s market. Reports say the nation’s gas chemicals market is rapidly expanding due to more stringent environmental guidelines.

Reports say Solvay expects to finalize the deal by the end of the year.

Full Content: The Deal

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