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Chemtura Corp Acquires Bromine Assets Of Solaris Chemtech For $142 Million-Business Standard

Thursday, 1 Nov 2012 09:34am EDT 

Business Standard reported that Chemtura Corp had entered into an agreement to acquire the Bromine assets of Solaris ChemTech Industries Ltd (SCIL) in a $142 million deal. SCIL, a part of the Gautam Thapar-led $4 billion Avantha Group, is India’s manufacturer of Bromine and its derivatives. The deal would help Chemtura further spread its presence in a market they had targeted for profitable growth, a statement issued by Chemtura read. The acquisition includes two manufacturing facilities, a Research & Development (R&D) centre in Gujarat. The acquired assets will form a part of Chemtura’s business to provides Bromine and Phosphorus flame retardants. 

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