IHS Chemical Week

Markets :: Specialty Chemicals :: Electronic chemicals

Private Equity Firm to Acquire Mallinckrodt Baker for $280 Million

4:00 PM MDT | May 26, 2010 | Robert Westervelt

Covidien has agreed to sell its Mallinckrodt Baker unit, a maker of high-purity lab and electronic chemicals, to private equity firm New Mountain Capital (New York) for $280 million. New Mountain says it will establish a strategic platform in specialty chemicals and materials. Former Rohm and Haas chairman and CEO Raj Gupta, is serving as a senior advisor to New Mountain....

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