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Markets :: Specialty Chemicals :: Lubricants

Chemtura to Buy Kaufman; Enters Bromine Supply Agreement

8:32 AM MDT | July 30, 2007 | Kerri Walsh

Chemtura says it has agreed to acquire Kaufman Holdings (Fords, NJ), which operates Hatco and Anderol, for an undisclosed amount. Hatco is a producer of polyol esters used for synthetic lubricant applications; Anderol makes high-purity, synthetic lubricants used in aviation and industrial markets. Kaufman has sales of about $200 million/year, and operates manufacturing plants at Fords and East Hanover, NJ; and Oakville, ON. The deal is expected to close this quarter. Wood: Gaining strong positions. Chemtura will gain “strong positions” in high-growth...

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