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Markets :: Specialty Chemicals :: Rubber processing chemicals

Lion Moves Forward to Buy Chemtura’s EPDM Business

2:12 PM MDT | July 30, 2007 | Chemical Week Editorial Staff

Private equity firm Lion Chemical (New York) says it has signed an asset purchase agreement to acquire Chemtura’s ethylene-propylene diene monomer (EPDM) business, the rubber chemicals businesses associated with Chemtura’s Geismar, LA plant, and Chemtura’s Flexzone antiozonants worldwide. The deal is expected to close by the end of the first quarter. Financial terms were not disclosed. “The sale is part of our plan to divest our noncore businesses and assets so we can focus on our core businesses,” says Chemtura chairman and CEO...

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