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Chemtura Completes Sale of PVC Additives Business

12:57 AM MDT | May 4, 2010 | Deepti Ramesh

Chemtura says it has completed the previously announced sale of its polyvinyl chloride (PVC) additives business to Galata Chemicals for a price of $16.2 million and the assumption by Galata of certain liabilities including certain pension obligations and environmental liabilities. Galata is a partnership between private equity firm Aterian Investment Partners (New York) and textiles, metal finishing and chemicals company Artek Surfin Chemicals (Mumbai). “This divestiture was the best way for us to maximize the value of the PVC additives business,”...

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