Private equity firm SK Capital buying Chemtura’s antioxidant business

By Frank Antosiewicz, Crain staff (PN)

New York — Private equity firm SK Capital Partners plans to acquire the antioxidant and UV stabiliser solutions business of Chemtura Corp., of Middlebury, Conn.

New York-based SK Capital Partners said it had signed an asset purchase agreement to buy the business for about $200 million. The transaction is expected to close at the end of 2012 or early 2013.

“Their business is a global business. They provide additives to the plastics and rubber industries,” said Barry Siadat,…

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