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Chemtura to Sell Oleochemicals Business

12:05 PM MST | January 25, 2008 | CW Editorial Staff

Chemtura says it has entered into an agreement to sell its oleochemicals business to PMC Group (Mount Laurel, NJ) for an undisclosed amount. The deal is expected to close by the end of the first quarter, subject to financing and other closing conditions. Chemtura says it will use the proceeds from the sale to pay down debt. "This transaction will be another step in improving our polymer additives business by strategically divesting product lines to better focus on the products and businesses where we have our greatest strengths and leading market...

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