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Chemtura sells pool chemicals for $315 million; exploring sale for agchems
7:15 PM MDT | October 10, 2013 | Vincent Valk
Chemtura has reached agreement to sell its pool and spa chemicals business to KIK Custom Products (Toronto) for $315 million. The company also announced that is exploring the sale of its agricultural chemicals segment. The pool and spa chemicals segment recorded $433 million in sales during 2012. KIK is a consumer, industrial and institutional products company with $1.2 billion in sales for 2012, and is owned by private equity firm CI Capital Partners (New York). The sale price of pool and spa chemicals represented a multiple of 7.8x the segment’s Ebitda...
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