SK Capital to Acquire the Antioxidant and UV Stabilizer Solutions Business of Chemtura Corporation

  SK Capital to Acquire the Antioxidant and UV Stabilizer Solutions Business
  of Chemtura Corporation

       Carve-out Will Enable Renewed Emphasis on Growth and Innovation

Business Wire

NEW YORK -- November 12, 2012

SK Capital Partners, a U.S.-based private investment firm, announced today
that it has signed a asset purchase agreement to acquire the Antioxidant and
UV Stabilizer Solutions business of Chemtura Corporation (NYSE/EuroNext Paris:
CHMT). The business is a leading global supplier of a comprehensive portfolio
of additives including antioxidants, antiozonants, intermediates and
inhibitors, polymer modifiers, and UV stabilizers used by customers to improve
the production and performance properties of polymers, rubbers and plastics.
The transaction is valued at approximately $200 million.

With a disciplined focus on the specialty materials, chemicals and healthcare
sectors, SK Capital has significant relevant experience gained through both
previous and current portfolio companies in the polymers, plastics and
associated additives sectors, as well as deep knowledge of the end markets
served by the business. The acquisition is consistent with SK Capital’s
strategy of acquiring niche market leaders with strong brands, technologies
and underlying growth trends and actively supporting management in building
thriving businesses with sustainable competitive advantages.

Barry Siadat, a Managing Director of SK Capital, noted, “With its unique
pedigree resulting from the merger of three leading polymer additives
companies, we believe the business is an attractive platform with significant
growth and performance improvement potential. We intend to enhance the
business’ focus on delighting customers through service, product and
technology leadership. The growth of synthetic polymers and their increased
global usage in a variety of applications presents a substantial opportunity
for the business.”

Peter Smith, President of the business, commented “We are excited about
teaming with SK Capital to expand and accelerate our growth and innovation
initiatives. SK Capital’s track record of successfully completing corporate
carve-outs and investing in companies in the polymer and related additives
markets will ensure a smooth transition and position us well to realize our
long-term strategic objectives.”

SK Capital Managing Director Jack Norris added, “We believe that the
transition from a non-core business within a large public company to a
standalone organization will enable improved execution and a renewed emphasis
on growth. Management has done an excellent job of redefining the business’
strategy and successfully repositioning it as a strategic partner and
solutions provider to customers. Leveraging our market knowledge, industry
relationships and operating resources, we look forward to actively supporting
management.”

The transaction is expected to close at the end of 2012 or early 2013.

Latham & Watkins LLP acted as legal counsel to SK Capital.

About SK Capital

SK Capital is a private investment firm with a disciplined focus on the
specialty materials, chemicals and healthcare sectors. Our integrated,
multi-disciplinary team utilizes its industry, operating and investment
experience to help transform businesses into higher performing organizations.
Located in New York, NY and Boca Raton, FL, we are currently investing from SK
Capital Partners III, L.P., a $500 million fund of committed capital. Our
portfolio companies generate revenues of over $3 billion annually and employ
more than 3,400 people.

Please visit www.skcapitalpartners.com for more information about SK Capital.

About Chemtura

Chemtura Corporation, with 2011 sales of $3 billion, is a global manufacturer
and marketer of specialty chemicals, agrochemicals and pool, spa and home care
products. Chemtura builds the chemistry that makes other products more
durable, safer, cleaner and more efficient. Major industries served include
transportation, energy & electronics, and agriculture.

With global headquarters in Philadelphia, Pennsylvania, USA, Chemtura
manufactures products in 14 countries and sells products in over 100
countries. Chemtura has approximately 4,300 employees in research,
manufacturing, sales and administrative facilities in every major market of
the world, with regional headquarters and shared service centers in São Paulo,
Brazil; Shanghai, China; Middlebury, Connecticut, USA; and Manchester, United
Kingdom/Frauenfeld, Switzerland.

Please visit www.chemtura.com for more information about Chemtura.

Contact:

BackBay Communications
Kelly Holman, 212-209-3844
Kelly.Holman@backbaycommunications.com