SK acquire antioxidant UV stabilizer business Chemtura

SK to acquire antioxidant and UV stabilizer business of Chemtura

6:10 AM, 15th November 2012
SK to acquire antioxidant and UV stabilizer business of Chemtura
Jack Norris, Managing Director, SK Capital.

NEW YORK, US: SK Capital Partners has signed asset purchase agreement to acquire the antioxidant and UV stabilizer solutions business of Chemtura Corporation. The business is a leading global supplier of a comprehensive portfolio of additives including antioxidants, antiozonants, intermediates and inhibitors, polymer modifiers, and UV stabilizers used by customers to improve the production and performance properties of polymers, rubbers and plastics. The transaction is valued at approximately $200 million.

“We believe that the transition from a non-core business within a large public company to a standalone organization will enable improved execution and a renewed emphasis on growth. Management has done an excellent job of redefining the business’ strategy and successfully repositioning it as a strategic partner and solutions provider to customers. Leveraging our market knowledge, industry relationships and operating resources, we look forward to actively supporting management,” said Jack Norris, Managing Director, SK Capital.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


LyondellBasell to restore LDPE capacity in Germany

ROTTERDAM, THE NETHERLANDS: LyondellBasell will restore a low-density polyethylene (LDPE) line in Wesseling, Germany, that has been out of service sin ...

Read more
Sabic, Vopak to invest in new terminal in Jubail, Saudi Arabia

ROTTERDAM, THE NETHERLANDS: Vopak and Sabic have decided to jointly invest in a new terminal in King Fahd Industrial Port at Jubail, Saudi Arabia, to ...

Read more
Sasol unveils new research, technology centre in South Africa

JOHANNESBURG, SOUTH AFRICA: Sasol Technology unveiled its new research and technology (R&T) facility at the Sasol one site in Sasolburg. This mark ...

Read more
Mitsui Chemicals expands global metallocene business

TOKYO, JAPAN: Mitsui Chemicals Inc plans to expand global metallocene business operations under its wholly owned subsidiary, Prime Polymer Co Ltd, by ...

Read more
BASF, Gazprom agree on asset swap

LUDWIGSHAFEN, GERMANY: BASF and OAO Gazprom signed a binding basic agreement to swap assets of equivalent value. BASF aims to further expand its produ ...

Read more
TPC Group accepts First Reserve, SK Capital Partners revised offer

HOUSTON, US: TPC Group Inc has agreed with Sawgrass Holdings Inc and Sawgrass Merger Sub Inc, entities formed by investment funds affiliated with ...

Read more