Chemtura completes sale of antioxidant and UV stabilisers business

01 May 2013 15:04  [Source: ICIS news]

HOUSTON (ICIS)--Chemtura has completed the $200m (€152m) sale of its antioxidant and UV stabilizers business - including dedicated manufacturing plants in the US, France, and Germany - to affiliates of investment firm SK Capital Partners, the US-based specialty chemical firm said on Wednesday.

"This divestiture completes the first of our portfolio transformation actions, which will simplify our portfolio, position us to better exploit secular industry growth trends in our chosen areas of market focus, benefit from exposure to the faster growing regions, and continue to deliver margin expansion to meet our performance goals," said Chemtura CEO Craig Rogerson.

Chemtura announced last November that it was planning to sell the business to SK.

($1 = €0.76)


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index