MIDDLEBURY, Conn.— Chemtura Corporation announced it has completed the sale of its Fluorochemicals business and related production facility to E.I. du Pont de Nemours and Company (DuPont) in an all-cash deal for an undisclosed amount.
The approximately 25 employees who work for the Fluorochemicals business have become employees of DuPont.
The Fluorochemicals business had revenues for 2006 of approximately $56 million.
Included in the sale is the Fluorochemicals production unit at Chemtura’s El Dorado, Ark. plant. Chemtura will retain ownership of its other El Dorado facilities.