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Chemtura Corp history
Chemtura Corp company history timeline
In 2005, Crompton acquired Great Lakes Chemical Company, Inc., of West Lafayette, Indiana, to form Chemtura Corporation.
By the end of January 2007 Chemtura completed stock acquisition and ownership of Kaufman Holdings Corporation with an all-cash transaction.
On September 26, 2012, Chemtura entered into a Business Transfer Agreement (BTA) with Solaris ChemTech Industries Limited, an Indian Company, and Avantha Holdings Limited, an Indian Company and the parent company of Solaris ChemTech.
On May 15, 2013, Chemtura purchased the remaining 50% interest in DayStar Materials L.L.C. from its joint venture partner, UP Chemical Company.
In December 2013, Chemtura completed sale of its Consumer Products business, including dedicated manufacturing plants in the United States and South Africa, to KIK Custom Products Inc. for $300 million and the assumption by KIK of pension and other liabilities totaling approximately $8 million.
By January 2014 the company had manufactured and marketed a new brominated polymer flame retardant, replacing the traditional hexabromocyclododecane (HBCD) flame retardant.
The sale became final on November 3, 2014.
For the year ended December 31, 2015, the company's global core segment revenue was $1.61 billion.
On September 25, 2016, Chemtura announced they had accepted an offer from Lanxess AG of Germany of 33.50 per share, all cash.
On April 21, 2017, Chemtura was officially acquired by Lanxess for $2.1 billion in cash.
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Chemtura Corp competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Dow Chemical Company | 1897 | $43.0B | 54,000 | 242 |
| Albemarle | 1994 | $5.4B | 5,900 | 35 |
| FMC | 1883 | $4.2B | 6,500 | 10 |
| Celanese | 1918 | $10.3B | 7,714 | 74 |
| Avery Dennison | 1935 | $8.8B | 32,000 | 291 |
| Koch Industries | 1940 | $115.0B | 100,000 | 113 |
| Diamonds International | 1986 | $106.8M | 1,500 | 21 |
| Nkl | 1891 | $140.8M | 466 | - |
| O-I Glass | 1929 | $6.5B | 25,000 | 23 |
| W. R. Grace & Co | 1854 | $1.7B | 4,000 | 22 |
Chemtura Corp history FAQs
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Chemtura Corp may also be known as or be related to CHEMTURA CORP and Chemtura Corp.