DuPont acquires Chemtura fluorine chemicals business

Expands specialty businesses, advances development strategy for more sustainable products

26-Feb-2008

DuPont announced that it has completed its purchase of Chemtura Corporation's fluorine chemicals business. The move is part of DuPont's strategy to expand its fluorochemicals business offerings; enhance its presence in specialty businesses such as the fire extinguishants, pharmaceutical propellants and fluoro-Intermediate markets; and leverage the assets and technologies included in the acquisition for the development of more sustainable fluorochemical materials, such as low global warming potential mobile air-conditioning fluids, foam expansion agents and refrigeration technologies.

Financial terms were not disclosed.

The acquisition includes all of Chemtura's fluorine business, along with the fluorine chemicals production unit that is part of Chemtura's manufacturing site in El Dorado, Ark., which will be fully integrated into DuPont's operations. All fluorine chemicals intellectual property rights will be transferred to DuPont. Approximately 25 Chemtura employees will become part of DuPont Fluoroproducts.

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