Specialty Chemicals M&A » By The Online Investor Staff, updated Thu., Apr. 18, 6:16 AM
Recent mergers and acquisitions in the Specialty Chemicals M&A category.
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Slide #53. KMG Chemicals, Inc. — OM Group's Ultra Pure Chemicals Business
Acquirer:
KMG Chemicals, Inc. (KMG)
Acquiree:
OM Group's Ultra Pure Chemicals Business (OMG)
Details:
KMG Chemicals, Inc. (NYSE:KMG), a global provider of specialty chemicals to select markets, today announced that it completed the acquisition of the Ultra Pure Chemicals subsidiaries of OM Group (NYSE:,OMG) located in the United States, England and Singapore. Simultaneously, KMG completed the acquisition of OM Group's Ultra Pure Chemicals subsidiary in France. The total purchase price for OM Group's Ultra Pure Chemicals subsidiaries was $63.3 million in cash, which included approximately $17.3 million for working capital. Estimated working capital at closing was higher than the targeted amount by $3.3 million, and accounts for an increase of that amount in the purchase price.
KMG Chemicals produces and distributes specialty chemicals and performance materials for the semiconductor, industrial wood preservation and pipeline and energy markets. Co.'s electronic chemicals platform sells high-purity process chemicals to semiconductor manufacturers. In its pipeline performance business, Co. supplies drag-reducing agents, industrial valve lubricants, cleaners and sealants, and related services and equipment, including routine and emergency valve maintenance services and training, to the pipeline and oilfield energy markets. In its wood treating chemicals business, Co. supplies penta to industrial customers who use this preservative to pressure treat wood products.
Open the KMG Page at The Online Investor »
KMG Chemicals produces and distributes specialty chemicals and performance materials for the semiconductor, industrial wood preservation and pipeline and energy markets. Co.'s electronic chemicals platform sells high-purity process chemicals to semiconductor manufacturers. In its pipeline performance business, Co. supplies drag-reducing agents, industrial valve lubricants, cleaners and sealants, and related services and equipment, including routine and emergency valve maintenance services and training, to the pipeline and oilfield energy markets. In its wood treating chemicals business, Co. supplies penta to industrial customers who use this preservative to pressure treat wood products.
Open the OMG Page at The Online Investor »
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