Volume 90 Issue 40 | p. 26 | Concentrates
Issue Date: October 1, 2012

Chemtura To Enlarge India Bromine Assets

Department: Business
Keywords: acquisitions, India, bromine

Chemtura has reached a definitive agreement to acquire the bromine assets of India’s Solaris ChemTech Industries for $142 million. The deal, expected to close by the end of 2012, includes two bromine and bromine derivatives manufacturing sites and an R&D center in the state of Gujarat. About 300 workers will transfer to Chem­tura. Solaris’ chlor-alkali and phosphoric acid assets are not included in the deal. Chemtura says the acquisition will expand its existing footprint in Asia. About a year ago, Chemtura formed an alliance in bromine and brominated derivatives with Chennai, India-based Achean Group.

 
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