3/10/2015 FerrotoSellFlameRetardantsBusinesstoAlbemarlere>BATONROUGE,La.,Jan.20/PRNewswire/

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FerrotoSellFlameRetardantsBusinesstoAlbemarle ()

BATONROUGE,La.,Jan.20/PRNewswire/FerroCorporation(NYSE:FOE)andAlbemarleCorporation(NYSE:ALB)announcedtodaythattheyhavereachedanagreementinprincipleforFerrotosellitsPYROCHEK7flameretardantbusiness,alongwithaplantatPortdeBouc,France,toAlbemarle,aglobalsupplierofflameretardantsandotherspecialtychemicals.Ferro'sPYROCHEKproductionfacilitiesarelocatedatthecompany'sKeilChemicalfacilityinHammond,IndianaandatitsplantinPortdeBoucwhereproductioncapacityisbeingexpanded.AlbemarlewouldproducePYROCHEKflameretardantatPortdeBouc.Toeasethetransition,PYROCHEKproduction

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3/10/2015 FerrotoSellFlameRetardantsBusinesstoAlbemarlere>BATONROUGE,La.,Jan.20/PRNewswire/

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willcontinueattheHammondfacilityforashorttimeafterthesale.TheKeilfacilityinHammondwillcontinuetoproduceitsmainproductlineofpetroleumadditives.HectorR.Ortino,Ferrochairmanandchiefexecutiveofficer,stated,"Whiletheflameretardantbusinesshasbeenanimportantpartofourspecialtychemicalssegmentovertheyears,itclearlyfitsbetterwithinAlbemarle'sportfolio.LikeothercorebusinesseswithinFerro,themakeupofourspecialtychemicaloperationswillbechangingaswepursueourmostattractiveopportunities.Thisdivestituresupportsourstrategytorepositionourportfolioofbusinesses.Asalwaysinthesesituations,wearecommittedtohelpingeasethetransitionforthededicatedandtalentedKeilemployeesaffectedbythisstrategicdecision."FerroCorporation'sspecialtychemicalssegmentalsoincludespolymeradditives,petroleumadditivesandfineorganicintermediates.MarkRohr,Albemarle'spresidentandchiefoperatingofficer,said,"TheadditionofthePYROCHEKproductsandtheplantatPortdeBoucarepartofourstrategicplantoexpandanddiversifyAlbemarle'sflameretardantportfolioandwouldallowAlbemarletoprovidemorechoicestomeetcustomer'sneedsinengineeringthermoplastics."ThePortdeBoucmanufacturingplantwouldincreaseAlbemarle'scapabilitytosupplythisglobalmarketandthepurchasewouldallowcustomerstoobtainacompleterangeofbrominatedpolystyreneflameretardantsfromAlbemarle.AlbemarlecurrentlyoffersitsownlineofbrominatedpolystyreneflameretardantsasSAYTEX(R)HP7010flameretardants."Aglobalsupplierofspecialtyandfinechemicalsthatenhanceconsumerproducts,AlbemarleCorporationservesmarketsforpolymers,surfactantsandbiocides,pharmaceuticals,agriculturalchemicals,photographicchemicals,watertreatment,oilfieldchemicalsandpetroleumproducts.FormoreinformationonAlbemarle,visittheCompany'sWebsiteathttp://www.albemarle.com.ALBEMARLECONTACT:JohnMcChesney225/3887755FERROCONTACT:AidanGormleyManager,InvestorRelations216/8757155AlbemarleCautionaryNoteonForwardLookingStatementsSomeoftheinformationcontainedinthisreleaseconstitutesforwardlookingstatementswithinthemeaningofthePrivateSecuritiesLitigationReformActof1995.AlthoughAlbemarleCorporationbelievesitsexpectationsarebasedonreasonableassumptionswithintheboundsofitsknowledgeofitsbusinessandoperations,therecanbenoassurancethatactualresultswillnotdiffermateriallyfromitsexpectations.Factorswhichcouldcauseactualresultstodifferfromexpectationsinclude,withoutlimitation,thetimingof

3/10/2015 FerrotoSellFlameRetardantsBusinesstoAlbemarlere>BATONROUGE,La.,Jan.20/PRNewswire/

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ordersreceivedfromcustomers,thegainorlossofsignificantcustomers,competitionfromothermanufacturers,changesindemandfortheCompany'sproducts,increasesinthecostoftheproduct,changesinthemarketingeneral,fluctuationsinforeigncurrenciesandsignificantchangesinnewproductintroductionresultinginanincreaseincapitalprojectrequestsandapprovalsleadingtocapitalspending.

SOURCEAlbemarleCorporationandFerroCorporation