Having completed the acquisition of specialty chemical company Rhodia’s global silicones business, Beijing-based China National BlueStar Corporation has created a new $700 million silicones-focused entity called Bluestar Silicones.

The acquisition involved all silicone-related business activities, products, employees and manufacturing assets, including two North American production sites in Rock Hill, South Carolina, and Ventura, California.

Former president of Rhodia Silicones, Olivier de Clermont-Tonnerre, will serve as the new company’s chief executive officer and the global business will be headquartered in Lyon, France. North American operations, headquartered in Cranbury, New Jersey, will be led by Mr J. Christopher York, who has been named president, Bluestar Silicones.

Product applications will include specialty elastomers and paper and textiles coatings.