30 March 2010 14:51 [Source: ICIS news]
TORONTO (ICIS news)--KMG Chemicals has completed its $25.7m (€19.1m) acquisition of General Chemical’s electronics chemicals business, the US specialty chemicals producer and distributor said on Tuesday.
The acquisition – announced last month – included a purification and processing facility for solvents used in the electronic chemicals business at ?xml:namespace>
The deal would help KMG expand its business in the wet process chemicals market, chief executive Neal Butler said.
“With this transaction, our electronic chemicals business will have over a 50% share of the
“We see opportunity for further growth in this business in North America, Europe, and in
The acquired business had revenues of about $59.4m in 2008 and $42.7m in 2009, KMG said.
($1 = €0.74)
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