Flexsys is now 100 percent subsidiary of Solutia

St Louis, Missouri - Solutia Inc.has completed its purchase of Akzo Nobel NV's 50 percent interest in Flexsys; effective from yesterday (2 May) it will become a wholly owned subsidiary of Solutia.

"Flexsys is the world leader in rubber chemicals. This truly global business will become an integral part of Solutia," said Jeffry Quinn, chairman, president and CEO of Solutia.

James Voss has been named senior vice president and president of Flexsys. He previously served as Solutia's senior vice president -- business operations. Enrique Bolanos, who led Flexsys for the past eight years, will remain active in the business and will help with the transition of Flexsys into Solutia.

"Flexsys brings Solutia a portfolio of strong products, a great team of people, and unparalleled knowledge of the technology and the market," Voss said. "Solutia will contribute clear strategy, crisp decision-making and strong corporate leadership."