Mayer Brown announced today that it represented Albemarle Corporation on the sale of its Mineral Flame Retardants and Specialty Chemicals businesses to Huber Engineered Materials, a division of J.M. Huber Corporation. The transaction included the sale of subsidiary Martinswerk GmbH, located in Bergheim, Germany, as well as 50% ownership interest in MAGNIFIN Magnesiaprodukte GmbH & Co KG, a joint venture with RHI AG, located in Breitenau, Austria. The transaction is expected to close in early 2016.

Albemarle Corporation with headquarter in Baton Rouge, USA, is a leading specialty chemicals company. Albemarle develops, manufactures and markets technologically advanced and high value added products. The company has around 6.900 employees worldwide.

The Mayer Brown team included partners Dr. Marco Wilhelm (lead, Corporate & Securities, Frankfurt), Dr. Nicolas Rößler (Employment & Benefits), Dr. Jens Peter Schmidt (Antitrust, Brussels) and Dr. Ulrich Worm (Intellectual Property), senior counsel John Faylor (Corporate & Securities), counsels Prof. Dr. Christoph Broich (Corporate & Securities), Elmar Günther (Real Estate) and Björn Vollmuth (Employment & Benefits) and associates Katharina Heßel, Stefanie Skoruppa, Sören Pruß (all Corporate & Securities), Konstantin von Werder (Intellectual Property) and Stefan Kuhl (Employment & Benefits, all Frankfurt) as well as several attorneys from other Mayer Brown offices abroad like USA, Belgium, China and Singapore.