Davis Polk is advising Chemtura Corporation on its $315 million sale of its consumer products business, including dedicated manufacturing plants in the U.S. and South Africa, to KIK Custom Products, Inc. The transaction, which is subject to regulatory approvals and other customary closing conditions, is not expected to close prior to December 31, 2013.

Chemtura is a global manufacturer and marketer of specialty chemicals, agro chemicals, and pool, spa and home care products. Toronto, Canada-based KIK Custom Products is a contract and private label manufacturer of consumer, institutional and industrial products.
The Davis Polk corporate team includes partners John A. Bick and William H. Aaronson and associate Jesse Kramer. Partner Neil Barr and associate Ankur Dalal are providing tax advice. Partner Jeffrey P. Crandall and associate Veronica M. Wissel are providing executive compensation advice. Counsel Hayden S. Baker and associate Kevin J. Klesh are providing environmental advice. Associate Pritesh P. Shah is providing intellectual property advice. Members of the Davis Polk team are based in the New York and Washington DC offices.