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News

Solvay Advanced Polymers, L.L.C. sells parts business to Parkway Products, Inc.

Solvay Advanced Polymers Llc : 13 September, 2006  (Company News)
Polymers
Polymers’ high-performance plastic parts business located in Atlanta, Georgia.
The business operates a facility which manufactures parts from Solvay Advanced
Polymers’ TORLON Polyamide-imide and KADEL Polyketone resins, and is an
automotive Tier 1 supplier holding certifications for QS 9000, TS 16949 and ISO 14001.

While specializing in serving the automotive market, the business also serves
military, aerospace and various industrial markets. Parkway intends to maintain the plant’s expertise in part design, prototyping, molding and tool building. Joe Klunk, Executive Vice President and COO of Parkway Products said, “This clearly strengthens our position as a high performance molder and components supplier
and greatly enhances our presence in the automotive market. This fits perfectly with Parkway’s growth strategy. We see synergies across our business units.”

Willig, President of Parkway Products said, “With the combination of Solvay
Advanced Polymers’ leading position in high-performance resins and Parkway’s presence as a top tier North American molder, we expect to offer exceptional value and performance to new and existing customers.”

“This acquisition brings a tremendous talent and customer base to an already
successful company,” said Joseph D. Greulich, President and CEO of Solvay Advanced Polymers, L.L.C.

Daryl Brace, Business Manager for Parkway Products and formerly with Solvay
Advanced Polymers, reflected on the many successes of the business line and added, “With an excellent safety and environmental record (the plant recently achieved a 10-year record without a lost time accident) and the site’s leading edge quality programs, the employees are excited to become a part of the Parkway Products team and to contribute toward Parkway’s goals.”
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