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BWA Water Additives Targets Niches

7:54 AM MDT | May 25, 2009 | ROBERT WESTERVELT

BWA Water Additives (Manchester, U.K.) is taking the “asset light” strategy to an extreme. The company, owned by Seera Investment Bank (Manama, Bahrain), says it is comfortable with outsourcing manufacturing, which frees it to focus on commercial execution as well as marketing and development. Turgeon: ‘Growth has been very rapid.’ Seera acquired the business from Close Brothers Private Equity (London) for $200 million last September. Close Brothers had led a management buyout of Chemtura’s non-bromine based water additives business...

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