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Markets :: Specialty Chemicals :: Water treatment
Arch to Acquire Rockwood’s Water Treatment Unit
11:56 AM MDT | September 15, 2008 | Nancy Seewald
Arch Chemicals says it has agreed to acquire water treatment chemicals producer Advantis Technologies (Alpharetta, GA), a subsidiary of Rockwood Holdings, for $130 million in cash. Advantis posted Ebitda of $12 million and sales of $71 million in 2007. Campbell: Adds new products. The deal is expected to close in the fourth quarter and be immediately accretive to Arch’s earnings. Arch also expects to yield annual pre-tax savings of about $6 million/year through synergies with its existing water products business. The deal will be financed by...
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