1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) June 17, 2003 ALBEMARLE CORPORATION (Exact Name of Registrant as Specified in Charter) Virginia 1-12658 54-1692118 ---------------- ---------------- ---------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 330 South Fourth Street, Richmond, Virginia 23219 - ------------------------------------------- ----- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code - (804) 788-6000 Registrant's website address: www.albemarle.com Former name or former address, if changed since last report - N/A
2 Item 5 Other Events and Regulation FD Disclosure. On June 17, 2003, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1. Exhibit 99.1 Albemarle Corporation press release dated June 17, 2003.
3 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto authorized. Date: June 19, 2003 ALBEMARLE CORPORATION /s/ ROBERT G. KIRCHHOEFER ------------------------ Robert G. Kirchhoefer Treasurer and Chief Accounting Officer
4 EXHIBIT INDEX Exhibit No. 99.1 Albemarle Corporation press release dated June 17, 2003.
1 Sarah McCoy 804.788.6091 Michael Whitlow 804.788.6091 Albemarle Corporation To Acquire Phosphorus Flame Retardants in Agreement with Rhodia SA Richmond, Va., June 17, 2003 - Albemarle Corporation (NYSE: ALB) and Rhodia SA (Paris) have reached an agreement for Albemarle to acquire Rhodia's global organo-phosphorus and ammonium polyphosphate flame retardants business for applications in rigid and flexible polyurethane foams. Annual global revenue for these products is approximately $65 million. The transaction, which is expected to be completed in the next three to six weeks, is subject to regulatory approvals. As part of the transaction, Albemarle will acquire Rhodia's production site in Avonmouth, United Kingdom. Rhodia also will supply Albemarle with Antiblaze(TM) flame retardants and intermediates from its plants in Charleston, S.C., and Oldbury and Widnes in the United Kingdom. "This acquisition significantly strengthens Albemarle's position in polyurethane foam applications," said Luc Van Muylem, global business director for flame retardants at Albemarle. "The Antiblaze flame retardant product portfolio allows Albemarle to be a significant provider of flame retardants for the polyurethane foam industry as our customers are developing products to meet the challenges of safer furniture and other products. It also complements the NcendX(TM) phosphorus-based flame retardants capability Albemarle has developed for thermoplastic applications, such as electronic enclosures." Albemarle has established global leadership positions in bromine-based and mineral flame retardants. "With the addition of the new phosphorus capabilities, our offering is unmatched by anyone in the industry. We are combining versatility of our product and technology portfolio, with excellent geographical positioning and scale of our production bases, as well as strong global technical application support capabilities," said Van Muylem. Albemarle Corporation, headquartered in Richmond, Virginia, is a leading producer of specialty chemicals for consumer electronics; pharmaceuticals; agricultural, automotive and industrial products; and construction and packaging materials. The company's two business segments, Polymer Chemicals and Fine Chemicals - which includes custom manufacturing services for the life sciences market - serve customers in more than 80 countries, generating revenue of approximately $1 billion. To learn more about the Company, go to www.Albemarle.com