MIDDLEBURY, CT - Addivant, the former antioxidant and UV stabilizer solutions business of Chemtura Corp., is now operating as an independent portfolio company of SK Capital. The new company also announced plans for expansion, a broader product offering and increased emphasis on innovation.
"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," noted Barry Siadat, a Managing Director of SK Capital and Chairman of Addivant. The new company plans investments in innovation and expansion of capacity to achieve ambitious new sales targets. Growth plans will include its joint ventures in the Middle East and Asia.