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People & Business :: Companies
Rhodia Completes McIntyre Group Acquisition
2:04 AM MST | March 2, 2009 | Alex Scott
Rhodia says it has completed the acquisition of privately owned surfactants manufacturer McIntyre Group (Chicago). Rhodia had disclosed in January that it was planning to acquire McIntyre for $100 million. Completion of the deal follows approval by regulatory authorities, Rhodia says. McIntyre’s 2008 sales were about $146 million with a recurring Ebitda margin around 10%, Rhodia says. The company predicts it will double the Ebitda margin of the business by 2011. The acquisition reinforces Rhodia Novecare’s product range for personal...
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