US-based chemical solutions company Solutia Inc. has completed its purchase of Akzo Nobel N.V.'s 50% interest in rubber chemical supplier Flexsys.

Formed in 1995 as a 50/50 joint venture between Solutia and Akzo Nobel, Flexsys has now become a wholly-owned subsidiary of Solutia.

James Voss has been named senior vice president and president of Flexsys. He previously served as Solutia's senior vice president, business operations. Enrique Bolanos, who has led Flexsys for the past eight years, will remain active in the business and will help with the transition of Flexsys into Solutia.