Chemtura Corporation announced the completion of the sale of its oleochemicals business and Memphis, Tenn. manufacturing facility to PMC Group NA Inc. for an undisclosed amount. Proceeds from the transaction will be used to reduce debt.
"This divestiture represents more progress in strengthening our Polymer Additives business and focusing on our core businesses," said Chemtura Chairman and CEO Robert L. Wood.
All 260 employees at the Memphis facility are expected to transfer to PMC Group NA Inc. The oleochemicals business had revenues for 2007 of approximately $175 million.
LANXESS successfully completes acquisition of Chemtura
Specialty chemicals company LANXESS has successfully completed the acquisition of U.S. company Chemtura earlier than originally expected effective April 21, 2017. All required regulatory authorities have cleared the transaction. Already in February 2017, Chemtura’s shareholders voted to app ... more
Chemtura shareholders approve acquisition by LANXESS
LANXESS has taken a significant step forward in the planned acquisition of U.S. chemical company Chemtura. Chemtura’s shareholders approved the merger at a special meeting in Philadelphia, United States. 99.88 percent of the votes cast were in favor of the merger, representing 81.77 percent ... more
Chemtura to Acquire Bromine Assets of Solaris ChemTech Industries Ltd.
Chemtura Corporation announced that it has entered into a definitive agreement to acquire the bromine assets of Solaris ChemTech Industries Limited. The acquired business will become an integral part of Chemtura’s Great Lakes Solutions business.The Bromine and Bromine Chemicals division of ... more
Chemtura has approximately 5,600 employees in research, manufacturing, sales and administrative facilities in every major market of the world. We are a leading global supplier of plastic additives, including flame retardants; a leading manufacturer of pool and spa products; a global leader ... more
AkzoNobel completes sale of Primary Amides business to PMC Group
AkzoNobel has completed the sale of its Primary Amides chemicals business to PMC Group effective December 31, 2013. Financial details were not disclosed. Under the terms of the agreement, a manufacturing facility in Kyungju, South Korea, and all 37 employees will transfer to PMC Group with ... more
Arkema finalizes the divestment of its Tin Stabilizer business to PMC Group
On October 1st 2012 Arkema finalized the divestment of its tin stabilizer business announced in July 2012 to PMC Group, specialized in the manufacture of performance chemicals and plastics. The divested business accounts for sales of around €180 M on three continents, and includes four prod ... more
Arkema announces a project for the divestment of its Tin Stabilizer business
Arkema has announced a project for the sale of its tin stabilizer business to PMC Group. With this proposed divestment of organometallic products, including Thermolite® tin stabilizers, Fascat® catalysts, and fine chemicals, Arkema continues to refocus its activities on fast growing core sp ... more
PMC Group is a diversified global performance chemicals and plastics company committed to delivering innovative solutions and superior services to our industries. In doing business with us, our commitment is to provide you with: The highest level of quality in our products and services. An ... more
