Philadelphia, Pennsylvania -- Chemtura will focus on products including urethanes, flame retardants and brominated products after selling its agrochemicals business to Platform Specialty Products Corp for around $1bn (EUR0.8bn).
The deal consists of $950m in cash and two million Platform common stock shares.
Chemtura’s chairman, president and ceo Craig Rogerson said the sale "accomplishes our stated objective to transform Chemtura into a focused, pure-play industrial specialty chemicals business.”
XE Currency conversion: 5 November, 2014
