Indian Firm Acquires Chemtura’s PVC Additives Assets

Artek Surfin Chemicals (Artek; Mumbai) has partnered with private equity firm Aterian Investment Partners (New York) to acquire Chemtura’s polyvinyl chloride (PVC) additives business. The purchase price is $16.2 million in cash, and the assumption by Artek of certain liabilities including certain pension obligations and environmental liabilities, according to a Chemtura SEC filing.  Those liabilities were previously estimated to total about $34 million-$45 million. The deal is expected to close in the second quarter. Chemtura had planned to sell the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers