Blackstone, an investment firm has completed its acquisition of Acetow, a cellulose acetate business from Solvay, a cheimcal company. Financial terms were not disclosed. “Acetow presents a great opportunity to invest in a highly cash generative, market-leading global player, set to benefit considerably from the resilience of underlying tow demand across all the markets in which it operates. Acetow’s competitive positioning will continue to be supported by long term relationships with leading cigarette manufacturers, and together with a best-in-class management team, we look forward to developing the business in the years ahead." Lionel Assant, Blackstone Head of European Private Equity.