MIDDLEBURY, Conn. (March 10, 2008) – Chemtura Corp. said it is the sole owner of polyurethane supplier Baxenden Chemicals Ltd. after buying the 46.5-percent of the firm's stock it didn't already own.
The firm bought the interest held by Croda International P.L.C. for $26.2 million, Chemtura said. Baxenden makes polyurethane dispersions, specialist prepolymers and blocked isocyanate products. It operates plants in Accrington and Droitwich, England, employing 212.
Baxenden posted sales of $70 million last year, Chemtura said.