Crompton Corporation and Great Lakes Chemical Corporation enter into a merger agreement, which will create the third-largest publicly traded U.S. specialty chemicals company.

Crompton Corporation and Great Lakes Chemical Corporation enter into a merger agreement, which will create the third-largest publicly traded U.S. specialty chemicals company. It will hold leading positions in high-value specialty chemical niche businesses including plastics additives, petroleum additives, flame retardants, pool chemicals, castable urethanes and crop protection chemicals. "This combination represents an excellent strategic fit between two companies with complementary business portfolios and will create a company with a strong financial profile," said Robert L. Wood, chairman, president and CEO of Crompton. "It takes us a long way toward our goal of holding leading global positions in true value-added specialty chemicals businesses."