ST. PAUL, Minn. -- Solvay America Inc. and Dyneon LLC (a wholly-owned subsidiary of 3M), have entered into a binding letter of intent for the sale of the North America-based Solvay Fluoropolymers Inc. to Dyneon, subject to final regulatory approvals.

Solvay Fluoropolymers sells a line of polyvinylidene fluoride (PVDF) homopolymers and copolymers, and has manufacturing facilities in Decatur, Ala. Those facilities include a 50-percent interest in Alventia LLC, a joint venture with Dyneon that produces VF2 - a building block of PVDF.

The sale is anticipated to close before the end of 2002. For more information, visit www.3M.com.