Private equity investor SK Capital Partners (New York / USA; www.skcapitalpartners.com) has completed its USD 200m acquisition of the Antioxidants and UV Stabilizers Solutions business from Chemtura (Middlebury, Connecticut / USA; www.chemtura.com) and has renamed it Addivant. The portfolio of the stand-alone company, which has 500 employees, includes antioxidants, antiozonants, inhibitors, polymer modifiers and UV stabilisers used in the plastics and rubber industries. In addition to the US, production facilities are located in Waldkraiburg / Germany and Catenoy / France.

“The transition from a non-core business within a public company to a stand-alone organisation will enable improved execution and a renewed emphasis on growth,” said Barry Siadat, a managing director of SK Capital.