Agreement between Argosy and Solvay to Transition the Composite Materials Business in the Asia Pacific Region

June 11 2018

Effective October 1, 2018, Argosy International Inc. and Solvay’s Composite Materials Business (previously Cytec) have entered into a definitive agreement to enable direct service of Solvay’s advanced materials business in the Asia Pacific region. The agreement also includes the purchase of certain Argosy assets that will be used to service the region.

Carmelo Lo Faro, President of Solvay Composite Materials Business, stated that “Solvay and Argosy have worked together for many years to serve the Asia Pacific region. With Solvay’s acquisition of Cytec, and its legacy of strong presence in Asia Pacific, the opportunity to further improve our service to the region and its customer base was clear to both parties. I am confident that our technology and operational leadership coupled with material qualifications on multiple platforms across the region will position our customers for continued growth. We look forward to rapidly implementing our direct business and serve our customers”.

Argosy and Solvay will work very closely to ensure a seamless transition for all customers and will be contacting customer to discuss the particulars of this transition over the next two months.

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