BlueStar creates $700 million silicones unit through Rhodia purchase

Lyon, France – China National BlueStar Corp. has completed its acquisition of Rhodia’s global silicones business and created a $700 million silicones-based entity called Bluestar Silicones.

The deal includes all silicone-related business activities, products, employees and manufacturing assets, including plants in Rock Hill, South Carolina and Venture, California.

The financial terms of the sale weren’t disclosed.

Olivier de Clermont-Tonnerre, former Rhodia Silicones president, will be CEO of Bluestar Silicones, which will be based in Lyon, France.

Bluestar Silicones will serve global markets, such as specialty elastomers, paper and…

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