IHS Chemical Week

Chemtura sells pool chemicals, exploring sale for agchems

10:46 AM MDT | October 11, 2013

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. The...

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