As part of its plan to divest non-core businesses and assets to focus on core businesses, Chemtura Corporation plans to hive off its global EPDM business, in a transaction expected to close by the end of the first quarter. The company has signed an asset purchase agreement to sell its EPDM business; all Rubber Chemicals businesses associated with Geismar, Louisiana; and Flexzone(R) antiozonants worldwide to Lion Copolymer, LLC, an affiliate of Lion Chemical Capital, LLC. The transaction is subject to regulatory approvals, financing and a comprehensive financial audit. Chemtura will use the proceeds for the recently completed purchase of specialty lubricant producer Kaufman Holdings.
08-Feb-07 
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