Albemarle sells UK facility to Kemira

Albemarle Corp. recently sold its Teesport, UK, facility to Kemira Oyj.  Terms of the agreement were not disclosed.

"This transaction is another step in Albemarle's previously announced restructuring efforts, and we're pleased to finalize the sale," said Luke Kissam, president of Albemarle.

The Teesport facility currently produces emulsifiers and intermediates for the drilling fluids industry.  Albemarle's completion fluids business is not a part of this sale.  The company will continue to produce its bromine-based completion fluids in Jordan and the US to service the global oil field market.

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