Chemtura sells jv stake

Jagger, Anna; Gibson, Jane
November 2006
ICIS Chemical Business;11/6/2006, Vol. 1 Issue 42, p16
Trade Publication
The article reports that Chemtura has divested its majority stake in its Davis-Standard polymer processing equipment joint venture. It also plans to reshape its portfolio further to increase the speciality nature of the business. Chemtura sold the 61 percent stake in Davis-Standard to its partner in the venture, Hamilton Robinson, for approximately $72 million in cash, plus an additional $8 million contingent on post-closing determinations.


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