Crompton Corporation and Great Lakes Chemical Corporation have announced the completion of an all-stock merger with the combined company becoming Chemtura Corporation (NYSE: CEM), the fourth largest publicly-traded U.S. specialty chemicals company.
“Our new name reinforces the fact that we are Chemtura, a unique new company with a portfolio of global businesses that have achieved leading positions in high-value market niches,” said Chemtura chairman, president and chief executive officer Robert L. Wood.
“We are building a world-class organization and adopting best business practices in everything we do. As we said in March, this is a transformational merger. Our vision is to create the world’s best specialty chemicals company, not simply to add companies together,” Wood added.
“We will not be Crompton. We will not be Great Lakes. We will be the Chemtura team, focused on the future.”
“We already offer some of the best products in the crop protection field in our combined product portfolio,” said Cesar Lamonega, North American business director, Chemtura Crop Protection. “Now, these products will come from Chemtura, the newest name in the industry with an expanded product portfolio to help our customers produce high value, high yielding food and fiber crops,” added Lamonega.
Additional information concerning Chemtura is available at www.chemtura.com.