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Chemtura spends 13m [pounds sterling] on Baxenden deal.(international newslines)

Middlebury, Connecticut -- Chemtura Corp. has acquired Croda International plc's stake in UK-based polyurethane specialist Baxenden Chemicals Ltd for 13 million [pounds sterling] ($26 million) in cash. The deal means that Chemtura has raised its stake in Baxenden to 100 percent, having previously held 53.5 percent.

Baxenden's sales for 2007 were about $70 million and the company has 212 employees at facilities in Accrington and Droitwich, UK.

"Full ownership of Baxenden will permit better utilisation of the complementary technology and manufacturing experience of our businesses and will result in offering our customers a broader portfolio of products, technology and ...

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