Solvay buys out longtime partner
Deal reached for $120 million
May 5, 2022
Solvay is now the sole owner of the soda ash operation bearing the company’s name west of Green River.
The company issued a press release Wednesday morning announcing it had purchased the 20% minority stake in the operation owned by AGC for $120 million in a deal that was completed later that day. Solvay and AGC formed the Solvay Soda Ash Joint Venture in 1992, buying the operation that was owned by Tennaco Inc. The facility is one of two plants operated by Solvay in the United States. The company operates six other soda ash facilities in Europe and one in Asia. Solvay carved out its soda...