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Chemtura acquired Croda International Plc’s shares in Baxenden Chemicals Ltd. for £13 million ($26 million), increasing its stake from 53.5% to 100%.
Specialty chemicals company LANXESS completed the acquisition of US company Chemtura for an enterprise value of €2.4 billion, expanding its additives portfolio and making LANXESS one of the world's leading players in this field.
Lanxess AG has received shareholder approval from Chemtura Corp. for its $2.7 billion acquisition. The deal, announced in September 2016, is expected to close in mid-2017 after U.S. antitrust approval.