Alantra advises Solvay on the sale of its Process Materials business to Composites One

Mar 2021

Sell-side advisory

Paris – Alantra, the independent global mid-market investment banking, alternative asset management and credit portfolio advisory firm, has advised Solvay, a global leader in materials, solutions and chemicals on the divestiture of its Process Materials (PM) business to Composites One 

The Solvay PM business provides a wide range of consumables to produce composite parts for the aerospace, wind energy and other sectors. Key products include a broad array of vacuum bagging materials including bagging films, breather fabrics, release films and fabrics, peel plies, sealant tapes plus valves and hoses. Additionally, the business is a leader in the manufacture of tailored consumable kits and hard and soft tooling.

With more than 24,100 employees in 64 countries, the Group seeks to create sustainable shared value for all, notably through its Solvay One Planet plan crafted around three pillars: protecting the climate, preserving resources, and fostering better life.

Composites One is North America’s leading distributor of composite materials serving customers from more than 44 locations. The company offers composites fabricators and molders thousands of products from more than 600 of the industry’s top suppliers through a technical sales, technical support, and customer service force that is the most knowledgeable in the industry.

Solvay has significantly strengthened the process materials business over the last several years. Solvay is convinced that the Process Materials employees and customers will benefit from this business being part of Composites One’s established and recognized distribution infrastructure. Composites One’s intent is to grow and invest in the business, fostering innovation, reliability and customer service.

Solvay has entered into exclusive negotiations for the sale of its PM business with Composites One in November 2020, and the completion of the transaction happened in March 2021.

According to Bernd Schneider, Global Co-Head of Alantra’s Chemicals & Polymers Sector Group: “We are very pleased to have advised Solvay on this divestment, which is expected to deliver value for Solvay’s shareholders and enable Solvay to continue focusing on its core composites technology portfolio.

This is the fourth transaction completed by Alantra’s global Chemical & Polymers team in 2020, demonstrating our in-depth sector expertise across the chemicals and polymers value chain.