Chemtura Divests Monomers
MIDDLEBURY, Conn., Nov. 1, 2007 -- Specialty chemical manufacturer Chemtura Corp. announced the sale of its optical monomers business to a Munich, Germany-based private equity firm in an all-cash transaction today for an undisclosed amount.
Included in the sale to Auctus Management GmbH & Co HG is Chemtura's Ravenna, Italy, manufacturing facility. Auctus formed the affiliate Acomon AG in Zug, Switzerland, to operate the optical monomers business, which had revenues of approximately $35 million in 2006 and employs about...