Colorado Springs, Colorado -- Chemtura is looking to break itself up with the polyurethane business being potentially for sale as a single unit or in parts, Craig Rogerson, ceo, said at an American Chemistry Council meeting here, according to a report by Bloomberg.
Chemtura was assembled in the late 1990s from a number of companies including Great Lakes Chemicals, Compton and Knowles and Witco. Rogerson said in February that the firm lacks scale in a number of its key markets.
The bloomberg report suggests that Chemtura would find it hard to grow in polyurethane chemistry, but quotes Rogerson as saying that an adhesives purchase is possible. He added that a "complex" route may be taken with different parts of the business purchased by different buyers. There is no formal timetable for the process.