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Chemical Week Magazine :: Companies

KMG: On the Hunt for ‘Hidden Gems’

Acquisitions Drive Profit Growth

11:03 AM MDT | October 3, 2008 | Nancy Seewald

When KMG Chemicals (Houston) unveiled its five-year plan for growth back in 2007—to achieve annual sales of $250 million by 2012—the goal seemed very ambitious, since at the time the company only had sales of about $90 million. But when it acquired Air Products’ high-purity process chemicals (HPPC) business earlier this year, that goal became far more tangible. The deal more than doubled KMG’s revenues, and marked its entry into the electronic chemicals market. Butler: “Sophisticated acquisition program.” In 2000, KMG was a $36.5-million/year company...

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