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Chemtrade acquires General Chemical from private equity firm
9:45 AM MST | December 4, 2013 | Vincent Valk
Sulphuric chemicals maker Chemtrade (Toronto) says it has acquired General Chemical (Parsippany, NJ) from private equity firm American Securities (New York) for $860 million. General Chemical makes inorganic chemicals for the water treatment, sulphuric acid, and specialty chemicals markets. The company has 45 facilities in the United States and Canada, about 540 employees, and recorded $390 million in revenue and $110 million in adjusted Ebitda for the year ended 30 September. The deal is expected to close within the next two months. “The acquisition of...
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