Chemtura sells EPDM and rubber businesses.

Chemtura, Middlebury, CT, has signed an asset purchase agreement to sell its EPDM businsess, all rubber chemicals businesses associated with Geismar, LA, and Flexzone antiozonants worldwide to Lion Copolymer, LLC, an affiliate of Lion Chemical Capital, LLC. The transaction, which is expected to close by the end of the first quarter, is subject to certain conditions, including regulatory approvals, financing and a comprehensive financial audit. Chemtura will use the proceeds for the recently completed purchase of specialty lubricant producer Kaufman Holdings. Chemtura will continue to manufacture other rubber chemicals at a number of facilities around the world, and will market them through its existing sales and distribution network (www.chemtura.com).