SWITZERLAND – Acomon AG buys Chemtura's optical monomers business

Acomon AG, Zug-based affiliate of German private equity firm Auctus Management GmbH & Co. KG, has purchased Chemtura Corporation’s optical monomers business. The deal value of this all-cash transaction was not disclosed. Chemtura’s Ravenna, Italy-based manufacturing facility was part of the deal. Proceeds from the sale will be primarily used for debt reduction. This move is part of Chemtura’s portfolio refinement. The business being sold reported revenues of US 35m in 2006 and employs approximately 45 people.