BATON ROUGE, La. (June 29) — Lion Copolymer L.L.C. today completed its purchase of the EPDM and chemical foaming agent assets associated with Chemtura Corp.´s Geismar, La., plant.
The affected operations garnered about $185 million in 2006 sales, and virtually all of the 195 employees impacted by the deal are expected to transfer to Lion Copolymer or one of its agents, according to Chemtura.
The Geismar factory makes Royalene, Royaledge, Royaltherm and Trilene brand EPDM, along with Celogen-brand chemical foaming agent.
Lion Copolymer also makes SBR in Baton Rouge and projects annual sales of nearly $500 million after the acquisition.