MIDDLEBURY, CT - Crompton Corporation and Great Lakes Chemical Corporation 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 leadng positions in high-value market niches," said Chemtura Chairman, President and CEO Robert L. Wood.
"We already offer some of the best products in the crop protection field in our combined product portfolio," said Cesar Lamonega, Chemtura North American business director. "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,"
Chemtura, with pro forma 2004 sales of $3.7 billion, is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. Headquartered in Middlebury, CT, the company has approximately 7,300 employees around the world. Additional information concerning Chemtura is available at www.chemtura.com