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Exxonmobil goes all the way with AES deal

Exxonmobil Chemical has finalised the acquisition of Advanced Elastomer Systems, significantly expanding the company’s global ethylene elastomers portfolio. Earlier this year ExxonMobil secured Solutia Inc’s 50% interest in AES. Based in Akron, Ohio, AES has annual sales of about $300M. Transition teams from both firms will determine the extent and pace of integration of the two organisations.