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Home | News |Elastogran Takes Over Chemtura’s Witcothane Polyurethane Systems Business
Elastogran Takes Over Chemtura’s Witcothane Polyurethane Systems Business
Updated: 2006-01-23 00:00 Source: share:

Elastogran announced that the acquisition of the polyurethane systems business of the American Chemtura Corporation has been approved by the competent monopolies and merger control commissions and that the transaction was consummated last Thursday.
 
This business is focussed on globally supplying polyurethane systems for the footwear industry, especially for
safety and working shoes (Witcothane®). Included in the acquisition are PESOL products and Chemtura’s European polyester polyol product line (Fomrez®). This acquisition does not include nor affect in any way Chemtura’s global Adiprene® and Vibrathane® business or the North American-based Fomrez® polyester polyol business and does not affect the Fomrez product lines of Baxenden Chemicals Ltd., U.K. The sales agreement has been signed by both parties; and the parties have agreed to keep the sales price confidential.

 

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