Elastogran to take over Chemtura’s polyurethane systems business
Polyurethane systems and special elastomers company Elastogran GmbH has announced that it plans to acquire the polyurethane systems business of the American Chemtura Corporation, on January 1, 2006. This business is focused on supplying polyurethane systems for the footwear industry, especially for safety and working shoes (Witcothane). Included in the potential acquisition are Pesol products and Chemtura’s European polyester polyol product line (Fomrez). The acquisition does not include nor affect Chemtura’s global Adiprene and Vibrathane business or the North American-based Fomrez polyester polyol business.