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Solvay S.A.: Solvay agrees to sell its European PVC compound business to OpenGate Capital

Brussels, April 10, 2014 --- Solvay has signed an agreement to sell its
polyvinyl chloride (PVC) compound business Benvic Europe to U.S. investment
company OpenGate Capital, further improving the resilience of the Group's

Benvic Europe mixes PVC and additives, pigments and stabilizers to make
innovative plastic compounds, which are processed to serve markets ranging
from cars and aircrafts to medical applications and construction.

"This divestment is part of Solvay's transformation to achieve higher growth
and greater cash returns and helps to reduce its exposure to the economic
said Jacques van Rijckevorsel, member of Solvay's Executive Committee.
"OpenGate Capital's long-term investment strategy will allow Benvic
to seize growth opportunities in Europe."

Benvic generated revenues of about €160 million in 2013. It has about 220
employees across Europe, with three PVC compounding production sites in
France, Italy and Spain. The divestment will not affect Benvic's current

The closing of this transaction is expected in the first half of 2014 and is
subject to the approval of the anti-trust authorities.

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|As an international chemical group, SOLVAY |
| assists industries in finding and implementing ever more responsible and |
|value-creating solutions. Solvay generates 90% of its net sales in activities |
|where it is among the world's top three players. It serves many markets, |
|varying from energy and the environment to automotive and aerospace or |
|electricity and electronics, with one goal: to raise the performance of its |
|clients and improve society's quality of life. The group is headquartered in |
|Brussels, employs about 29,400 people in 56 countries and generated 9.9 |
|billion euros in net sales in 2013. Solvay SA (SOLB.BE) is listed on NYSE |
|Euronext in Brussels and Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR). |
| |
| |
|Headquartered in Los Angeles, OpenGate Capital is a global private investment |
|firm specializing in the acquisition and operation of businesses throughout |
|North America, Europe and Latin America. The firm's portfolio includes |
|businesses operating in a variety of industries and generates revenues of |
|nearly $3 billion. Visit thewebsite. |

|Lamia Narcisse Caroline Jacobs Maria Alcon Geoffroy Raskin Edward Mackay |
| |
|Media Relations Media Relations Investor Relations Investor Relations Investor Relations |
|+33 1 53 56 59 62 +32 2 264 1530 +32 2 264 1984 +32 2 264 1540 +32 2 264 3687 |
You can find here the press release in PDF


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Solvay S.A. via Globenewswire


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