CEMQA Enters Definitive Agreement

It was announced last week that Chemtura Corp. has entered into a definitive agreement with SK Capital Partners, whereby SK Capital has agreed to acquire Chemtura’s global PVC Additives business.

Craig A. Rogerson, Chemtura’s Chairman, President and Chief Executive Officer, said, “We believe that the proposed transaction is the most certain way to maximize the value of the PVC Additives business and is in the best interests of the Company and all of our stakeholders. The PVC Additives business is well-positioned in its industry segments with great technology, blue-chip customers and talented employees, and this proposed transaction will bring a tighter focus to Chemtura’s business portfolio.

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Chemtura Corporation, together with its consolidated subsidiaries, is a specialty chemical company. The Company is engaged in manufacture and sale of specialty chemicals. It operates in a range of end-use markets, including automotive, transportation, construction, packaging, agriculture, lubricants, plastics for durable and non-durable goods, electronics, and home pool and spa chemicals. The Company is a diversified producer of specialty chemicals and polymer products and is a supplier of home pool and spa chemicals in United States. On February 29, 2008, Chemtura completed the sale of the oleochemicals business. On January 31, 2008, Chemtura completed the sale of the fluorine chemical business. In March 2009, Chemtura Corporation announced that the Company and 26 of its United States affiliates have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the Court).

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