DuPont acquires Chemtura Fluorine chemicals business
DUPONT has completed its purchase of Chemtura Corporation's fluorine chemicals business, the firm announced on February 1.
The purchase, made for an undisclosed sum, is part of DuPont's strategy to expand its fluorochemicals business offering.
It will use assets and technologies gained from the acquisition to develop sustainable fluorochemical materials, such as low global warming potential mobile air-conditioning fluids, foam expansion agents and refrigeration technologies.
The acquisition includes all of Chemtura's fluorine business, along with the fluorine chemicals production at Chemtura's US manufacturing site in El Dorado, which will be integrated into DuPont's operations.
All fluorine chemicals intellectual property rights will be transferred to DuPont and 25 Chemtura employees will become part of DuPont Fluoroproducts.
DuPont, the manufacturer of fluorochemical products for industrial markets in refrigeration and air conditioning operates in more than 70 countries.