Rhodia divests its polyurethane flame retardants business

18-Jun-2003

Rhodia and Albemarle Corporation have signed a binding agreement for Albemarle to acquire Rhodia's phosphorus-based polyurethane flame retardants business. The transaction is subject to regulatory approvals.

Used in rigid and flexible polyurethane foam applications, Rhodia's polyurethane flame retardants activity generated sales of around 60 million euros in 2002 with approximately 90 employees.

As part of the transaction, Albemarle is acquiring Rhodia's associated production site in Avonmouth in the United Kingdom. Rhodia will also supply Albemarle with flame retardants and intermediates manufactured at its sites in Charleston (S.C, USA), Oldbury and Widnes (UK).

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