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Rhodia and Albemarle have signed a binding agreement for Albemarle to acquire Rhodia's phosphorous-based polyurethane flame retardants business.

Rhodia and Albemarle have signed a binding agreement for Albemarle to acquire Rhodia's phosphorous-based polyurethane flame retardants business. The transaction is subject to regulatory approvals. Used in rigid and flexible polyurethane foam applications, Rhodia's polyurethane flame retardants activity generated sales of around 60 million euros in 2002 and employs approximately 90 associates. As part of the transaction, Albemarle is acquiring Rhodia's associated production site in Avonmouth in the United Kingdom. Rhodia will also supply Albemarle with flame retardants and intermediates manufactured at its sites in Charleston, SC, and Oldbury and Widnes. U.K.
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Title Annotation:Acquisitions, Expansions
Publication:Rubber World
Date:Jul 1, 2003
Words:93
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