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Chemical Week Magazine :: Companies
Galata Chemicals: Post-Chemtura Ownership Unlocks Potential
11:01 AM MDT | March 25, 2011 | Nancy Seewald
Wisnefsky: Double-digit sales growth is forecast for emerging regions. Galata Chemicals (Southbury, CT), the former polyvinyl chloride (PVC) additives business of Chemtura, got a new lease on life when it was acquired last year by private equity firm Aterian Investment Partners (New York) and specialty chemicals maker Artek Surfin Chemicals (Mumbai), each of which hold a 50% stake. Galata is a privately owned company and does not disclose financials. Chemtura reported that the PVC additives sold to Arterian and Artek had net sales of $236 million in 2009, down...
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