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Chemical Week Magazine :: Specialty Chemicals
KMG completes ultrapure chemicals acquisition
June 10, 2013
KMG Chemicals has completed the acquisition of OM Groupâ€™s ultrapure chemicals division, a maker of materials for semiconductor and microelectronics manufacturing, for $63.3 million. The purchase price includes $17.3 million for working capital and was paid for with available cash and borrowings from KMGâ€™s credit facility. OM Group says it will use the proceeds from the deal to pay down debt. The ultrapure chemicals business, which was part of OM Groupâ€™s specialty chemicals segment, owns four plants in Europe, two in Asia, and one in North America. It...
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