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Markets :: Basic Chemicals :: Inorganic Chemicals :: Chlor-alkali

Olin Completes Acquisition of K.A. Steel Chemicals

9:26 AM MDT | August 23, 2012 | Lindsey Bewley

Olin says it has completed the acquisition of caustic soda distributor and bleach maker K.A. Steel Chemicals (Lemont, IL) for $328 million in cash. K.A. Steel is one of the largest distributors of caustic soda in North America and a leading bleach manufacturers in the Midwest. Olin will utilize the proceeds from the recently completed $200-million senior notes offering as well as cash on hand to finance the acquisition. Olin expects to expense about $8 million of transaction costs related to the acquisition in the third quarter of...

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