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Chemtura closes pool chemicals divestiture

9:39 AM MST | January 2, 2014 | Vincent Valk

Chemtura and KIK Custom Products (Toronto), a maker of branded consumer and industrial products, have closed the sale of Chemtura’s pool chemicals business to KIK, which was announced in October. The final $300 million purchase price is $15 million less than originally announced due to “the resolution of certain pre-closing matters by the parties,” Chemtura says. The pool chemicals business, which markets its products under the brands BioLab and Bayrol, has operatons in North America, Australia, New Zealand, South Africa, and Europe. Due to the...

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