Search company, investor...

Predict your next investment

Corporation
solutia.com

Investments

1

Portfolio Exits

1

Partners & Customers

1

About Solutia

Solutia, founded in 1997, is a high performance chemicals and specialty materials manufacturer.

Headquarters Location

575 Maryville Centre Drive

St. Louis, Missouri, 63141,

United States

Want to inform investors similar to Solutia about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Solutia News

NJDEP Seeks to Extend Environmental Liabilities Statewide on PCB Manufacturers for All New Jersey PCB Contamination

Aug 12, 2022

To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=90b7c355-df81-4b4d-b7f5-107d2e7527f4" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> On August 4, 2022, the New Jersey Department of Environmental Protection (“NJDEP”) filed suit against Monsanto Co., Pharmacia LLC and Solutia, Inc., seeking to hold them liable for PCB contamination throughout New Jersey. ( Complaint ). While the suit also addresses contamination at Monsanto’s Bridgeport, New Jersey facility, the potential significance of this case arises from NJDEP’s allegations that the Defendants are liable for PCB contamination statewide, without the need for the State to prove a direct discharge nexus. This is due to the Defendants’ dominance of the PCB market and their alleged intentional acts and omissions. What You Need to Know NJDEP has filed suit seeking to impose liability for all PCB contamination statewide on former PCB manufacturer Monsanto Co. and its related entities Pharmacia LLC and Solutia, Inc.  NJDEP’s claims and allegations have potential implications for current and future PCB-related litigation and cleanups. If NJDEP is successful, it could be argued that there is no longer an orphan share for New Jersey PCB contamination. ​This case has potential implications for private party PCB litigation and analysis of orphan share liability in environmental cleanup cases throughout the state. NJDEP alleges that “Defendants caused statewide PCB contamination through the design, production, use, marketing, sale and distribution of and failure to warn about the hazards of PCBs across New Jersey.” Complaint at paragraphs 2; 269-270. The NJDEP suit alleges that “Defendants’ PCBs entered the air, waters, sediments, and soils during their ordinary and prescribed uses” and that they “failed to provide adequate instructions to minimize, mitigate, reduce, control, or eliminate this contamination.” Complaint at paragraphs 76; 270. NJDEP seeks Natural Resource Damages (“NRD”) for PCB impacts everywhere in New Jersey except for the Passaic River and the Newark Bay Complex, as those claims are reserved and related to conditions in a December 12, 2013 Consent Judgment. Complaint footnote 1, page 55. In addition, NJDEP seeks recovery of past cleanup costs, a finding of joint and several liability “for all future cleanup and removal costs and direct and indirect damages” including civil penalties, punitive damages and NJDEP’s costs and fees for prosecuting the suit. Complaint paragraphs 274-277; pages 76-77. There have been several similar suits filed in other states against Monsanto for PCB environmental contamination. The NJDEP’s suit is based in part on New Jersey’s Spill Act liability provisions, which impose liability for a party “in any way responsible” for a discharge. If the State is successful in holding Monsanto, Pharmacia and Solutia responsible for statewide PCB contamination, it could be argued that there is no longer an orphan share for New Jersey PCB contamination and cause a re-evaluation of PCB liability issues in private party litigation.

Solutia Investments

1 Investments

Solutia has made 1 investments. Their latest investment was in ChemConnect as part of their Series C on April 4, 2000.

CBI Logo

Solutia Investments Activity

investments chart

Solutia Portfolio Exits

1 Portfolio Exit

Solutia has 1 portfolio exit. Their latest portfolio exit was ChemConnect on July 10, 2007.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/10/2007

Acquired

$99M

1

Date

7/10/2007

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Solutia Acquisitions

1 Acquisition

Solutia acquired 1 company. Their latest acquisition was Etimex Solar (subsidiary of Etimex Holding Co.) on June 26, 2010.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/26/2010

$99M

Acquired

Date

6/26/2010

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

Solutia Partners & Customers

1 Partners and customers

Solutia has 1 strategic partners and customers. Solutia recently partnered with Efecte on January 1, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

1/26/2021

Partner

Finland

Efecte announces partnership with Solutia for the Czech Republic market

The partnership between Solutia and Efecte offers Czech customers a professional enterprise solution paired with strong support from local consultants experienced in first-class Service Desk , ITSM , and Service Management solutions .

2

Date

1/26/2021

Type

Partner

Business Partner

Country

Finland

News Snippet

Efecte announces partnership with Solutia for the Czech Republic market

The partnership between Solutia and Efecte offers Czech customers a professional enterprise solution paired with strong support from local consultants experienced in first-class Service Desk , ITSM , and Service Management solutions .

Sources

2

Solutia Team

7 Team Members

Solutia has 7 team members, including former President, Rich Altice.

Name

Work History

Title

Status

Rich Altice

President

Former

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Rich Altice

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

President

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Former

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.