Crompton, Great Lakes Chemical merge to form Chemtura
Crompton Corporation and Great Lakes Chemical Corporation finalized an all-stock merger to create a combined compan...
Crompton Corporation and Great Lakes Chemical Corporation finalized an all-stock merger to create a combined company to be called Chemtura Corporation (Middlebury, CT), the fourth-largest publicly traded US specialty chemicals company and one of the world’s largest plastics additives company.
Robert Wood, Chemtura’s president and CEO, the company holds leading positions in several high-value specialty chemical niche businesses. These include plastics additives, petroleum additives, flame retardants and pool chemicals. The company also has strong positions in castable urethanes.
Chemtura will have pro forma 2004 revenues of US$3.7 billion and a market capitalization of some US$3.3 billion, and will trade on the New York Stock Exchange under the symbol CEM.