SK Capital announced that it has signed an asset purchase agreement to acquire the Antioxidant and UV Stabilizer Solutions business of Chemtura Corporation. The business supplies a comprehensive portfolio of additives including antioxidants, antiozonants, intermediates and inhibitors, polymer modifiers, and UV stabilizers used by customers to improve the production and performance properties of polymers, rubbers and plastics. The transaction is valued at approximately $200 million and is expected to close at the end of 2012 or early 2013.
With a focus on the specialty materials, chemicals and healthcare sectors, SK Capital has gained experience through both previous and current portfolio companies in the polymers, plastics and associated additives sectors and knowledge of the end markets served by the business.
Latham & Watkins LLP acted as legal counsel to SK Capital.
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors.
Philadelphia-based Chemtura Corporation is a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products.