Solvay to acquire Chemlogics for $1.35 billion.

The article reports on the agreement signed by oil and gas company Solvay to acquire privately held chemical manufacturer Chemlogics for 1.35 billion dollars. A number of benefits are expected from the deal including access to technologies, business growth and a broader customer base. Brian Downward, vice president of oil and gas at Solvay Novecare, expresses the intent of Solvay to maintain its solution-and-service oriented business model.