MIDDLEBURY, Conn. -- Chemtura Corp. announces the acquisition of the Trace Chemicals business from Bayer CropScience LP, effective immediately. Terms of the transaction were not disclosed.



Chemtura, already well known for its global expertise in seed treatment, is rounding out its portfolio by acquiring Trace Chemicals, a leader in farmer-applied seed treatments in the USA market.



"This acquisition allows Chemtura to focus on this growing and important segment of the on-farm, seed treatment business," says Mike McFatrich, global seed treatment product manager.



"This is a strategic acquisition for our Crop Protection business," said Marcus Meadows-Smith, Chemtura's executive vice president of Crop Protection and Consumer Products. "The acquisition of Trace expands our offerings in this important niche market by providing immediate access to a high-quality product portfolio."



The transaction includes the acquisition of the Trace seed treatment product line and a 14-person formulation operation in Pekin, Ill., as well as access by Chemtura to certain Bayer CropScience active ingredients, registrations and trademarks.



Chemtura Corp. with pro forma 2005 sales of $3.9 billion, is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products.



SOURCE: Chemtura Corp. news release via Business Wire.