Lion to buy EPDM and rubber chemicals businesses from Chemtura

Middlebury, Connecticut – Chemtura Corp. and Lion Copolymer, LLC have signed an asset purchase agreement concerning Chemtura’s EPDM business, all Rubber Chemicals businesses associated with Geismar, Louisiana; and Flexzone antiozonants worldwide. The purchase price is $162.5 million (€125.5 million).

The transaction, which is expected to close by the end of the first quarter, is subject to regulatory approvals and a comprehensive financial audit. Chemtura said it will use the proceeds for the recently completed purchase of speciality lubricant producer Kaufman Holdings.

Subject to government approval and…

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