Albemarle sells flame retardants and speciality chemicals businesses to Huber

摘要

NYSE-listed chemicals producer Albemarle Corp. is to sell its mineral flame retardants and speciality chemicals businesses to rival Huber Engineered Materials (HEM). Following the signing of a definitive agreement between the two companies in mid-December, HEM, a subsidiary of the privately-owned JM Huber Corp., will take control of Albermarle's Mar-tinswerk GmbH flame retardants subsidiary in Bergheim, Germany and its 50% stake in MAGNIFIN Magnesiaprodukte GmbH, a joint venture with RHI AG based in Breitenau, Austria, which produces magnesium hydroxide.