Chemtura Announces Agreement to Sell Consumer Products Business to KIK Custom Products for $315 Million Commences Exploration of Sale of Agrochemicals Business

PHILADELPHIA--(BUSINESS WIRE)--Chemtura Corporation (NYSE:CHMT) (Euronext:CHMT) (“Chemtura” or the “Company”) today announced that it has entered into a stock purchase agreement to sell its Consumer Products business, including dedicated manufacturing plants in the U.S. and South Africa, to KIK Custom Products Inc. (“KIK”) for $315 million in cash at closing subject to certain customary pre- and post-closing adjustments, including for working capital and assumed pension liabilities. The Company also announced today that its board of directors has decided to explore a sale of the Company’s agrochemicals business, Chemtura AgroSolutions.