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Chemtura 

Crompton and Great Lakes Chemical Announce Merger to Create Major New Specialty Chemicals Company

New Company Name is named 'Chemtura'

 

Great Lakes   http://www.e1.greatlakes.com/corp/common/jsp/index.jsp

Crompton     http://www.cromptoncorp.com/

Crompton, Great Lakes finalize merger

Chemtura 設立  http://www.chemtura.com/

Chemtura Sells Its Interest in Davis-Standard, LLC

Chemtura to sell EPDM and some rubber chemicals businesses

Lion Chemical to buy Chemtura's rubber chemical, EPDM businesses

Chemtura Announces Agreement to Sell Oleochemicals Business to PMC Group NA Inc.

DuPont Acquires Chemtura Fluorine Chemicals Business

Chemtura's Optical Monomers Business Sold to Acomon AG

Blackstone and Apollo in talks to buy Chemtura

Chemtura Updates Strategic Alternatives Review

Chemtura Corporation's U.S. Operations File Voluntary Chapter 11 Petitions

Chemtura Completes Financial Restructuring and Emerges from Chapter 11

Chemtura plans PVC additives disposal    SK Capital

Chemtura Plans to Build Multi-Purpose Manufacturing Plant in China

SK Capital completes its acquisition of the antioxidant and UV stabilizer solutions business of Chemtura Corporation

Adiprene® / Vibrathane® Chemtura offers more than 300 urethane polymer products. Adiprene®/Vibrathane® hot-cast prepolymers, curatives and systems are used in industrial and printing rolls, mining machinery and equipment, mechanical goods, solid industrial tires and wheels, and sporting and recreational goods.
Bromine & Intermediates Chemturas chemical intermediates serve as building blocks for engineering highly complex organic molecules. They are used in rubber, soaps, medications, flavors and fragrances; they protect furniture and electronics from fire; and they enable industrial water systems to operate more efficiently.
Clear Brine Fluids Chemturas brine fluids extend precious resources by enabling the oil field industry to drill oil in deeper water areas than ever before. They are used to flush oil out of the ground and control pressure, ensure stability under high temperatures, reduce corrosion and fluid loss, and minimize reservoir damage.
Crop Protection Chemtura crop protection products are formulated for specific crops and geographic regions to enhance quality and increase yield.  Chemtura products protect seeds from pests and disease to aid in germination; protect growing plants from insects, mites and diseases; eliminate unwanted weeds; and assist with pest control in soil preparation, commodity storage, and post-harvest food processing.
EPDM Chemturas more than 30 EPDM products, including Royalene® EPDM rubber, RoyalEdge® EPDM rubber and Trilene® Liquid EPDM, are used in automotive, construction, wire and cable, and mechanical goods applications. An average car carries about 20 pounds of EPDM in weather stripping, brake parts, hoses and body cladding.

Lion Chemical to buy Chemtura's rubber chemical, EPDM businesses

Fire Protection FM-200® Chemturas waterless fire suppression products are applied to mission-critical and high-value assets to prevent extensive fire damage and eliminate collateral damage and downtime. Our products protect computer rooms, telecommunications operations, medical equipment and laboratories, document vaults and art museums.
Flame Retardants Chemtura is a leading global producer of flame retardants, which reduce or eliminate the flammability of a wide variety of combustible materials. Our additives help stop fire before it starts by resisting ignition and slowing the rate of combustion. They are used in furniture, electrical components, and housing construction.
Fluorine Specialties Chemturas fluorine specialty intermediates are co-polymerized with silicone to produce fluoro-silicone materials. They are used on off-shore oil rigs, in high-technology applications such as optical fibers and computer chips, refrigerants, and as propellants in metered-dose inhalers that help asthma sufferers breathe easier.

DuPont Acquires Chemtura Fluorine Chemicals Business

Home Care Chemturas specialty and multipurpose cleaners and degreasers clean and disinfect kitchen, bath, laundry, patio, garage and automotive surfaces and include The Works® brand cleaners and Greased Lightning® brands multipurpose cleaners for tough cleaning tasks and everyday cleanup.
Industrial Water Treatment Chemtura is a major producer of organic, polymer-based antiscalants and corrosion inhibitors and bromine-based biocides that help control scale, corrosion, foam and problem organisms in industrial cooling, industrial and municipal wastewater treatment, pulp and paper processing, food processing, and desalination processes.
Optical Monomers Chemturas RAV-7® and Nouryset® ADC monomers are used in applications that require exceptional clarity and durability, such as lenses for prescription glasses and sunglasses, protection sheets for welding masks and screens, safety shields, photographic filters, lenses for welder's goggles, and lab equipment.

Chemtura's Optical Monomers Business Sold to Acomon AG

Petroleum & Performance Chemtura is the worlds largest component supplier to the lubricants industry. Our products improve performance in motor oils, transmission fluids, industrial and hydraulic oils, metalworking fluids, and fuels, and are used in aviation, mining, electricity generation and gas pumping where machinery operates under high temperatures or operates continuously.
Plastics Additives Chemtura is the worlds largest producer of plastic additives. Our products cover the entire supply chain, from monomers and polymerization to finishing and compounding. We are a world leader in polyvinyl chloride heat stabilizers, we offer one of the most extensive ranges of polyolefins and engineering polymers, and we are a leading producer of ABS-based impact modifiers.
Pool & Spa Chemturas pool and spa products are marketed under several brand names, and include water treatment sanitizers, algicides, biocides, oxidizers, pH balancers, mineral balancers, shock chemicals, and specialty chemicals. We have multiple channels of distribution and a reputation for quality, convenience, and customer service.
Rubber Chemicals Chemturas rubber additives business is one of the largest in the world and offers more than 100 products for rubber processing. Our products are used to make rubber products for consumers and industry, including tires, belts, hoses, seals, elastic bands in clothing, and shoe soles.

Lion Chemical to buy Chemtura's rubber chemical, EPDM businesses

Urethane Additives Chemturas Fomrez® polyester polyols have broad application in flexible foam, thermoplastic urethanes, coatings, adhesives and elastomers. We also supply urethane additives for coatings in hardwood floors, paints and textiles. Witcobond® provides superior coating and adhesive properties for wood, plastics, fiberglass, textiles, leather and rubber as well as many other substrates.

March 9, 2005 Great Lakes Chemical

Crompton Corporation and Great Lakes Chemical Corporation Announce Merger to Create Major New Specialty Chemicals Company
http://www.e1.greatlakes.com/corp/news/jsp/recent_news_detail.jsp?contentfile=03092005_proposed_merger_with_crompton.htm

-- Creates Third Largest U.S. Specialty Chemicals Company --
-- Company to Have Leading Positions in Multiple High-Value Niches --
-- Accretive to EPS Beginning in 2006 --
-- Experienced Management Team to be Led by Crompton Chairman and CEO Robert L. Wood --

Crompton Corporation (NYSE: CK) and Great Lakes Chemical Corporation (NYSE: GLK) announced today that they have entered into a definitive merger agreement for an all-stock merger transaction, which will create the third-largest publicly traded U.S. specialty chemicals company. The new company will have combined pro forma 2004 revenues of more than $4.1 billion and a market capitalization of nearly $3.2 billion. It will hold leading positions in
high-value specialty chemical niche businesses including plastics additives, petroleum additives, flame retardants and pool chemicals. Additionally, the combined company will maintain strong positions in castable urethanes and crop protection chemicals.

The new company will be owned
51 percent by Crompton shareholders and 49 percent by Great Lakes shareholders on a fully diluted basis.


May 9, 2005 Great Lakes Chemical

Great Lakes Chemical Corporation and Crompton Corporation Announce New Company Name, Effective When Merger is Complete
http://www.e1.greatlakes.com/corp/news/jsp/recent_news_detail.jsp?contentfile=05092005_new_company_name.htm

Great Lakes Chemical Corporation (NYSE: GLK) and Crompton Corporation (NYSE: CK) announced today that once their merger is complete, the new company will be known as Chemtura(pronounced chem-CHOOR-a) Corporation.


RubberWorld 2005/7/5

Crompton, Great Lakes finalize merger

With the finalization of the Crompton Corp. and Great Lakes Chemical Corp. all-stock merger on July 1, the combined company becomes Chemtura Corp., the fourth-largest publicly traded U.S. specialty chemicals company and the world's largest plastics additives company. Chemtura, with combined pro forma 2004 revenues of $3.7 billion and a market capitalization of approximately $3.3 billion, will begin trading under the New York Stock Exchange ticker symbol CEM on July 5.

Great Lakes shareholders received 2.2232 shares of Crompton common stock for each share of Great Lakes common stock, giving an overall transaction value of $2.0 billion, including $354 million of Great Lakes net debt and minority interest.


2005/7/1 Chemutura

* CROMPTON CORPORATION AND GREAT LAKES CHEMICAL FINALIZE MERGER,
BECOME
CHEMTURACORPORATION
http://www.chemtura.com/pressrelease.jsp

- Chemtura is Fourth-Largest U.S. Specialty Chemicals Company -
- Becomes World
s Largest Plastics Additives Company -
- Chemtura Has Leading Positions in Multiple High-Value Niches -

With the finalization of the Crompton Corporation and Great Lakes Chemical Corporation all-stock merger today, the combined company becomes Chemtura Corporation, the fourth-largest publicly traded U.S. specialty chemicals company and the world
s largest plastics additives company. Chemtura, with combined pro forma 2004 revenues of $3.7 billion and a market capitalization of approximately $3.3 billion, will begin trading under the New York Stock Exchange ticker symbol CEM on July 5.

Chemtura is a unique new company with a portfolio of global businesses that have achieved leading positions in high-value market niches,said Chemtura Chairman, President and Chief Executive Officer Robert L. Wood. Chemtura holds leading positions in several high-value specialty chemical niche businesses, including plastics additives, petroleum additives, flame retardants and pool chemicals. Additionally, the company has strong positions in castable urethanes and crop protection chemicals.

Since we announced our agreement to merge March 9, integration teams have been working intensely to create a new company with a new organizational design and new work processes. We are building a world-class organization and adopting best business practices in everything we do. As we said in March, this is a transformational merger. Our vision is to create the worlds best specialty chemicals company, not simply to add companies together.

As of today, while we still have a number of jobs to fill, our organization is almost completely formed and employees at every level are poised to take the actions needed to deliver strong financial results. Our integration work will create immediate value through the recognition of significant synergies throughout the company. As a result, we are increasing our synergy estimate to $150 million from the original target of $90 million to $100 million,Wood said.

Cumulative synergy savings are expected to total $10 million in 2005; $100 million in 2006; and $150 million in 2007. Approximately 30% of the total synergies is expected to come from organizational redesign; 60% from savings in supply chain operations, and the remainder from other areas. By combining workforces, streamlining work processes and utilizing more efficient systems, the company expects to reduce its total number of employees by about 600 worldwide, or approximately 8 percent, over the next year from its current level of approximately 7,300 people. In addition, Chemtura has expanded its geographic footprint and access to key buyers globally and is putting into place cross-selling and captive-sourcing opportunities across its extended portfolio.

The company expects to incur one-time cash expenditures totaling $125 million to $135 million relating to change in control agreements, and $20 to $25 million related to severance and related expenditures. Chemtura also will incur one-time cash expenditures of $50 million to $55 million related to the closing of the transaction. The company will have approximately $20 million in one-time cash expenditures to support the integration of both companies and approximately $6 million of charges for the write-off of unamortized fees relating to bank facilities that are being replaced.

In addition to Chairman Wood, the board of directors has five directors from each predecessor company, for a total of 11 directors. Chemtura expects to maintain a cash dividend level of $.05 per quarter.

The new company
s strategy is to develop a portfolio of global businesses with leading positions in high-value market niches. CHEMTURA holds leading positions in high-value specialty chemical niche businesses, including plastics additives, petroleum additives, flame retardants and pool chemicals. Additionally, the company has strong positions in castable urethanes and crop protection chemicals.

Terms of the Transaction
Great Lakes shareholders received 2.2232 shares of Crompton common stock for each share of Great Lakes common stock, giving an overall transaction value of $2.0 billion, including $354 million of Great Lakes net debt and minority interest.

About Chemtura
Chemtura Corporation, with pro forma 2004 sales of $3.7 billion, is a global manufacturer and marketer of
specialty chemicals, crop protection and pool, spa and home care products. Headquartered in Middlebury, Conn., the company has 7,300 employees around the world. Additional information concerning Chemtura is available at www.chemtura.com.


Crompton brought to the new company the following businesses and their respective products:
plastics additives, petroleum additives, urethane additives, urethane polymers, rubber additives, EPDM and crop protection products.

Great Lakes brought flame retardants, brominated performance products, fire protection products,
fluorine specialties, industrial water additives, performance additives and fluids, polymer stabilizers, pool and spa care products, and household-cleaning products.


2006/10/30 Chemtura

Chemtura Sells Its Interest in Davis-Standard, LLC for $72 Million; Revises 2006 Earnings Expectations

Chemtura Corporation announced that it has sold its majority interest in the Davis-Standard, LLC polymer processing equipment joint venture to partner Hamilton Robinson LLC for approximately $72 million in cash, plus an additional $8 million that is contingent upon certain post-closing determinations.

"This transaction is completely consistent with our strategy of
focusing our resources on our core businesses.


British Plastics & Rubber 2006/11/3     Lion Chemical to buy Chemtura's rubber chemical, EPDM businesses

Chemtura to sell EPDM and some rubber chemicals businesses

Following on from the sale of its Davis-Standard extrusion equipment subsidiary Chemtura has now revealed that it has signed a letter of intent to sell its EPDM business and the rubber chemicals businesses based at Geismar in Louisiana, USA. It is also selling its Flexzone antiozonants business.
The buyer has not been named, but a sale to
Lanxess would fit neatly with the German company's declaration earlier this year that it is preparing to expand through acquisition. EPDM and more rubber chemicals would dovetail with the existing Lanxess portfolio, and the Lanxess track record of turning round ailing businesses would match with Chemtura's comments that it has 'continued to struggle' with its rubber additives and elastomers businesses in its third quarter results published yesterday. Between them the businesses being sold had revenues of $300 million in the year to the end of September.


RubberWorld 2006/11/3

This sale is an important milestone in our plan to divest non-core assets and businesses. We are pleased to be transferring these businesses to a buyer who is interested in growing them, which should benefit our customers," said Chemtura Chairman and CEO Robert L. Wood. Wood also said the buyer is a non-competitor in the businesses.
The EPDM and Rubber Chemicals businesses being sold had revenues for the twelve months ended Sept. 30, 2006 of approximately $300 million.

 


2006/11/15 RubberWorld   

Chemtura studys new metal alkyls plant

Al-Zamil Group and Chemtura announced an agreement to further develop formation of a joint venture to build a world-scale metal alkyls manufacturing facility in Jubail Industrial City, Saudi Arabia. The facility would be designed to satisfy growing regional demand for aluminium alkyls that serve as specialty catalysts for a variety of olefins, including polyethylene and polypropylene.
The Chemtura - Al-Zamil joint venture would license Chemtura
s proprietary technology and serve as the sales and marketing arm of Chemturas aluminium alkyls in Saudi Arabia and other Gulf Coast Countries. Chemtura would be responsible for sales of the joint venture outside the Gulf Coast Countries and would provide technical service and product applications knowledge.
The Al-Zamil Group and Chemtura also are
partners in an antioxidants manufacturing facility in Saudi Arabia that produces stabilizers products and has been in operation since 2000.


Gulf Stabilizers Industries

Gulf Stabilizers Industries is a joint venture with one of Saudi Arabias industrial giants ZAMIL Group of companies and international manufacturer of specialty chemicals, Great Lakes Chemical Corporation. Gulf Stabilizers Industries manufactures polymer additives and customer specific blends of international quality.

Also GSI manufactures Phenolic and Phosphate
Anti oxidants and Anoxic Non Dusting Blends according to customer specifications in a unique free flowing, mechanically resistant and palletized physical form. GSI also trades UV Absorbers, Light Stabilizers and Flame Retardants.


2009/11/19

Chemtura expands capacity in Middle East

Chemtura Corp. will further grow its global antioxidant business with an additional expansion of its capacity at Gulf Stabilizer Industries (GSI), its joint venture facility in Al Jubail, Saudi Arabia. The company has commenced engineering work on an additional 4,000 metric tons of capacity. We successfully expanded the Al Jubail facility in March with Chemtura's proprietary NDB III (non dust blend) production line, but we now need to invest further capacity to keep ahead of the growing demand for our products in the region. With this new investment, GSI will have reached critical mass and will be able to meet all of its customersrequirements in terms of quality, service and value,stated Fahad Al Zamil, Director of Al-Zamil Group, Chemturas joint venture partner. The expansion will deploy the NDB technology, producing a one-pack product that provides customers with both efficiency and safety benefits over the use of single-powder components. Total annual capacity at the Al Jubail site will increase to 21,000 metric tons. The new capacity will come on stream in 2010. Chemtura, a global manufacturer and marketer of specialty chemicals, reported 2008 sales of $3.5 billion.

 


Jan 25, 2008 Chemtura

Chemtura Announces Agreement to Sell Oleochemicals Business to PMC Group NA Inc.

Chemtura Corporation today announced that it has reached agreement to sell its global oleochemicals business to PMC Group NA Inc. for an undisclosed amount, subject to financing and other conditions including customary closing conditions. Included in the transaction is Chemtura's production facility at Memphis, Tenn. Proceeds from the sale will be used primarily for debt reduction.

Chemtura 2005年にCrompton Great Lakes Chemical が合併して設立された会社で、樹脂添加剤では世界最大のメーカー。


2008/5/28 domain-b.com

Blackstone and Apollo in talks to buy Chemtura

Private equity firms Blackstone Group LP and Apollo Management LP, both basd in New York, are reported to be in early stage discussions to acquire chemicals maker
Chemtura Corp, which reported an operating loss of $6 million in the three months ended 31 March compared with an income of $11 million in the same period last year.


Apollo and Blackstone are familiar with the cehmicals industry with the latter having teamed up with Goldman Sachs in 2003 to acquire water treatment and process chemical technologies company
Nalco Holding's predecessor. Similarly, Apollo owns Hexion Specialty Chemicals Inc, which bid $10.8 billion in June last year to acquire Huntsman Corp though the deal been held up due to regulatory hurdles.



Subsequently in January, it agreed to sell its
global oleochemicals business to PMC Group for an undisclosed sum followed by the sale of its fluorine chemicals business to DuPont Co next month. Prior to announcing its strategic review, Chemtura had sold its optical monomers business to Acomon AG, an affiliate of Munich private equity firm Auctus Management GmbH & Co. KG. According to the chemicals maker, theses sales were part of its efforts to strengthen its main businesses, including its polymers additives portfolio.


2007/11/5 chemie.de 

Chemtura's Optical Monomers Business Sold to Acomon AG

In order to place greater focus on its core businesses, Chemtura Corporation announced that it sold its optical monomers business to Acomon AG, an affiliate of Munich-based Auctus Management GmbH & Co. KG in an all-cash transaction today for an undisclosed amount. Included in the transaction is Chemtura's Ravenna, Italy manufacturing facility. Proceeds from the sale will be used primarily for debt reduction.

"This sale represents continued progress in our portfolio refinement and footprint optimization initiatives," said Chemtura Chairman and CEO Robert L. Wood. "Optical monomers is a very good business that just doesn't fit our portfolio at this time. We are pleased to be transferring the business to a buyer who is interested in growing it, which should benefit both customers and employees," Wood concluded.
 
Optical monomers are used in a variety of applications, including lenses for eyewear; protection sheets for welding masks and screens; photographic filters; and lab equipment. The optical monomers business being sold had revenues for 2006 of approximately $35 million and employs approximately 45 people, the majority of whom work in its Ravenna, Italy facility.


June 26, 2008 Chemtura

Chemtura Updates Strategic Alternatives Review

On Dec. 18, 2007, Chemtura Corporation announced that a special committee of its board of directors and the company's financial advisor, Merrill Lynch & Co., would explore a variety of strategic alternatives. Chemtura's board of directors announced today that, after thoroughly exploring a potential sale, merger or other business combination involving the entire company, it has concluded that shareholders' interests will be best served by continuing to operate as a stand-alone company and focusing on its own growth and efficiency initiatives. The board has terminated discussions on a potential sale, merger or other business combination after determining that such discussions are unlikely at this time to result in an offer at a sufficiently attractive price.


2009/3/18 Chemtura            ↑

Chemtura Corporation's U.S. Operations File Voluntary Chapter 11 Petitions to Facilitate Financial Restructuring
  Company's Non-U.S. Operations Not Included in Filing; Worldwide Operations to Continue Without Interruption
  Receives Commitment for $400 Million of Debtor-in-Possession Financing

Chemtura Corporation today announced that it and 26 of its U.S. affiliates (together, the "Company") have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the "Court").

Chemtura's non-U.S. subsidiaries were not included in the filing and will not be subject to the requirements of the U.S. Bankruptcy Code. Chemtura's U.S. and worldwide operations are expected to continue without interruption during the restructuring process.

Craig A. Rogerson, Chemtura's Chairman, President and Chief Executive Officer, said, "Like other companies in our industry and around the world, Chemtura's
order volumes have declined markedly in recent months due to the impact of the global economic recession on our customers and the industries they serve. This has led to a significant decrease in our liquidity and cash flow. Despite our efforts to increase liquidity, including through the potential sale of a business, our reduced liquidity position, combined with the anticipated expiration of our bank waiver, led us to determine that a court-supervised restructuring was the best course of action. Through this process, we will continue to focus on operating our business while continuing our efforts to strengthen our balance sheet and gain financial flexibility in order to position Chemtura as a strong, viable, and profitable competitor in the specialty chemicals marketplace."

Today Chemtura announced that, in conjunction with the filing, it has received a commitment for
up to $400 million in debtor-in-possession (DIP) financing from Citibank, N.A., as administrative agent. Upon Court approval, the DIP financing, combined with cash from the Company's ongoing operations, will be used to support the business during the Chapter 11 process. In addition, the Company anticipates that it will continue to meet its obligations going forward to its employees, customers and suppliers.

2008
年度損益 (百万ドル)

  2008 2007
Net sales   3,546   3,747
Operating (loss) profit * -929    59
Net loss  -1,020    -3

*Impairment of long-lived assets  -986 含む

  2008 2007
Polymer Additives 1,580 1,806
Performance Specialties 999 911
Consumer Products 516 567
Crop Protection 394 352
Other 57 111
Total Net Sales 3,546 3,747


2009/2/20
 
Chemtura Receives Notice from NYSE on Continued Listing Standards

Chemtura Corporation today announced that on February 17, 2009, it received notice from the New York Stock Exchange (NYSE) that the Company had fallen below the continued listing standard that requires a minimum average closing price of $1.00 per share over 30 consecutive trading days.

The NYSE provides a period of six months, subject to extension, for a company that receives such a notice to bring its average share price back above $1.00. Under the NYSE rules, the company
s common stock will continue to be listed on the NYSE during a cure period, subject to the companys compliance with other NYSE continued-listing requirements.


December 31, 2009

Chemtura plans PVC additives disposal

Chemtura is selling its
PVC additives business, probably to private equity firm SK Capital Partners. The two companies have entered a definitive agreement for the sale, but as Chemtura is currently under the protection of the USA's bankruptcy laws, there has to be an auction - with SK Capital as the lead or "stalking horse" bidder.
The PVC additives business makes
tin stabilisers, liquid and solid mixed metals, liquid phosphite esters, epoxidised soybean oil, thiochemicals, organic-based stabilisers, and impact modifiers with product names including Mark, Drapex, Lowinox, Ultranox and Blendex. It has plants in the USA and Europe - Chemtura Vinyl Additives at Lampertheim in Germany. Revenues in 2008 were $374 million.

Solutia Agrees to Sell Nylon Business to an affiliate of SK Capital Partners II, L.P., a New York-based private equity firm


November 10, 2010

Chemtura Completes Financial Restructuring and Emerges from Chapter 11

Chemtura Canada Co./Cie Concludes CCAA Proceedings and Emerges from Chapter 11
Company Emerges with Strengthened Balance Sheet and Improved Cost Structure
New Chemtura Common Stock Expected to Be Listed on the New York Stock Exchange
Chemtura to Satisfy All Undisputed Claims in Cash and/or Stock and Provide a Distribution to Existing Equity Holders

Chemtura Corporation, today announced that it has successfully completed its financial restructuring and emerged from protection under Chapter 11 of the United States Bankruptcy Code. The Company also announced that Chemtura Canada Co./Cie has concluded its Companies' Creditors Arrangement Act proceedings and has emerged from Chapter 11 at the same time as the Companys U.S. operations. In connection with the Companys emergence, Chemtura expects to be listed on the New York Stock Exchange on November 11, 2010 and trade under the ticker CHMT.

Today marks a new beginning for our company, and our employees, customers and suppliers,said Craig A. Rogerson, Chemturas Chairman, President and Chief Executive Officer. With the successful completion of our financial restructuring, we have significantly reduced our debt, improved our cost structure and resolved a considerable amount of environmental and other liabilities.

Rogerson continued, Looking forward, we will remain focused on our longer term corporate objective of growing a global portfolio of leading specialty chemical businesses, committed to innovation and the creation of value for our stakeholders. We will build from our current globally diverse assets that are well-positioned for success in each segment we serve. We look forward to working with all of our stakeholders for the long-term. I thank our dedicated employees for helping us to achieve solid results throughout this process, and our customers and suppliers for their support.

Under the Plan, the Company will satisfy creditorsclaims in cash and/or stock in the reorganized Company and also provide value to equity holders. Additional information with respect to distributions under the Plan is available free of charge in the investors section at www.chemtura.com and at www.kccllc.net/chemtura.

Holders of allowed claims should allow 21 days from the Effective Date to receive both the new common stock and the cash. If either is not received after 21 days, please contact Chemturas claims agent at (866) 967-0261.

On November 3, 2010, the United States Bankruptcy Court for the Southern District of New York entered an order confirming Chemturas Plan of Reorganization. The Courts order confirming the Plan is available free of charge at www.kccllc.net/chemtura.


June 6, 2011 Chemtura

Chemtura Plans to Build Multi-Purpose Manufacturing Plant in China

  ‘Groundwork for growthin most rapidly expanding market
  Expected to support Petroleum Additives & Urethanes with added capacity for other businesses

Chemtura Corporation, a leading global specialty chemicals company, today announced plans to build a new multi-purpose manufacturing facility in Nantong, China, to support its growth strategy.

This project lays the groundwork for growth through investment in the worlds most rapidly expanding market. It will enhance our ability to satisfy customer demand in China and the wider Asia-Pacific region,said Craig A. Rogerson, Chemturas chairman, president, and chief executive officer.

As previously disclosed, Chemtura
s goal is to create value for customers and other stakeholders by growing its business with new manufacturing capacity in rapidly growing regions, among other initiatives. The Nantong facility is expected to initially serve Chemturas Petroleum Additives and Urethanes businesses, and is expected to provide sufficient additional capacity for other Chemtura businesses.

This planned investment will support the growth of Chemtura
s Urethanes business, including its low-free (LF) prepolymer urethanes. This growth is driven by the commercialization of our high-performance, greener AdipreneR Duracast? product line coupled with increasing global and regional demand for our LF products.

Additional LF prepolymer manufacturing capacity in China would allow us to continue to grow our most advanced product lines and places capacity in a region with strong demand growth, while preserving existing capacity elsewhere to continue supplying customers in other regions,said Matthew Hellstern, president, Urethanes.

The Petroleum Additives business requires local manufacturing and storage capabilities for some of its product lines in order to meet customer demand. These include synthetic finished fluids (refrigeration lubricants, air compressor lubricants and gear oils), and calcium sulfonate grease.

Local manufacturing capacity for synthetic lubricants is required for the business to respond to the markets demand for shorter lead times,said Sean OConnor, president, Petroleum Additives. Installation of grease capacity in China would provide our customers with a more secure global supply capability, and place capacity in the region with the highest growth rate.

In addition to the planned development of local manufacturing capacity, Chemtura plans to build global scale with sales representation, technical development centers, joint ventures and bolt-on acquisitions. We will further empower our regional teams to serve their growing customer base with robust service functions and technical support capabilities,Rogerson added.

Chemtura Corporation, with 2010 sales of $2.8 billion, is a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products. Additional information concerning Chemtura is available at www.chemtura.com.


May 1, 2013  SK

SK Capital completes its acquisition of the antioxidant and UV stabilizer solutions business of Chemtura Corporation
     Independent Company to Be Renamed Addivant

SK Capital Partners, a transformational private investment firm, announced today that it has closed its previously announced acquisition of the Antioxidant and UV Stabilizer Solutions business of Chemtura Corporation. To be named Addivant as an independent company, the business is a leading global supplier of a comprehensive portfolio of additives including antioxidants, antiozonants, inhibitors, polymer modifiers and UV stabilizers used by customers to improve the production and performance properties of polymers, plastics and rubbers.

November 12, 2012
SK Capital to Acquire the Antioxidant and UV Stabilizer Solutions Business of Chemtura Corporation

SK Capital Partners, a U.S.-based private investment firm, announced today that it has signed an 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.

With a disciplined focus on the specialty materials, chemicals and healthcare sectors, SK Capital has significant relevant experience, as well as deep knowledge of the end markets served by Addivant, gained through both previous and current portfolio companies in the polymers, plastics and associated additives sectors. The acquisition is consistent with SK Capital's strategy of acquiring niche market leaders with strong brands, technologies and underlying growth trends and actively supporting management in building thriving businesses with sustainable competitive advantages.

"With its unique pedigree resulting from the merger of three leading polymer additives companies, we believe Addivant is an attractive platform with significant growth and performance improvement potential," noted Barry Siadat, a Managing Director of SK Capital. "The transition from a non-core business within a public company to a stand-alone 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."

Jack Norris, a Managing Director of SK Capital, commented, "Having negotiated the transaction directly with Chemtura, Addivant is another example of a corporate carve out we've acquired outside of a broad auction. Similar to our other investments, we believe the business can benefit significantly from SK Capital's industry-specific knowledge and operational experience."

Addivant represents the fourth investment from SK Capital Partners III L.P., a $500 million institutional pool of capital raised in 2011, and the fourth corporate carve out among its current portfolio of six companies.

About SK Capital

SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors. Our integrated, multi-disciplinary team utilizes its industry, operating and investment experience to help transform businesses into higher performing organizations. Located in New York, NY and Boca Raton, FL, we are currently investing from SK Capital Partners III, L.P., a $500 million fund of committed capital. Our portfolio companies generate revenues of over $6.0 billion annually and employ more than
5,000 people.