Chemtura to acquire bromine assets of Solaris ChemTech Industries Ltd. Chemtura has entered into a definitive agreement to acquire the bromine assets of Solaris ChemTech Industries Limited, India's leading manufacturer of bromine and bromine derivatives. The acquisition includes two manufacturing facilities, a well-established R&D center and a multi-products facility in the State of Gujarat. The new subsidiary will be headquartered in New Delhi. The parties expect to close by the end of 2012.
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Chemtura acquires full interest in DayStar Materials joint venture Chemtura Corporation announced that it has acquired UP Chemicalís 50% stake in DayStar Materials, a South Korean manufacturer and marketer of high-purity metal organic precursors for the LED market. Chemtura now owns a 100% interest in DayStar, which was formed in 2011 as a joint venture of Chemtura and UP Chem.