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Lawrenceville-based BioLab sold

LAWRENCEVILLE — A global manufacturer and marketer of pool and spa products headquartered in Lawrenceville is being sold.

Chemtura, the parent company of BioLab Inc., announced Thursday it has entered into a stock purchase agreement to sell its global consumer products business to Canada-based KIK Custom Products.

“This acquisition is an important step for BioLab as we drive towards our long-term vision,” Jon Viner, president of BioLab, said in a news release. “Being part of a consumer oriented company like KIK allows us to focus on our strategy of bringing innovative solutions to the market and providing even greater service to our dealers and retail partners.”

The targeted closing date for the transaction is Dec. 31.