Citation
(2005), "Crompton and Great Lakes Chemical create major specialty chemicals company", Pigment & Resin Technology, Vol. 34 No. 4. https://doi.org/10.1108/prt.2005.12934dab.018
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited
Crompton and Great Lakes Chemical create major specialty chemicals company
Crompton and Great Lakes Chemical create major specialty chemicals company
Crompton Corp., Middlebury, Connecticut and Great Lakes Chemical Corp., Indianapolis, have entered into a definitive merger agreement for an all-stock merger transaction, which will create the third-largest publicly traded US specialty chemicals company. The new company will hold leading positions in high-value specialty chemical niche businesses.
The new company will be owned 51 per cent by Crompton shareholders and 49 per cent by Great Lakes shareholders on a fully diluted basis. Robert L. Wood, currently chairman, president and CEO of Crompton, will serve in those capacities for the combined company, which will be headquartered in Middlebury. For more information, visit the web sites www.cromptoncorp.com and www.greatlakes.com.