The company announced today that it is selling the Ryton plant, and several other of it's assets, to Solvay Specialty Polymers.
The selling price was $220 million.
In a statement, Solvay spokespersons said they hope to make the transition smooth for customers and employees.
The sale is expected to be complete by the end of this year.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.