23 January 2014 16:32 [Source: ICIS news]
HOUSTON (ICIS)--Chemtrade Logistics has completed its acquisition of US-based General Chemical, the Canadian industrial chemicals provider announced on Thursday.
The purchase price is expected to be approximately $900m.
“The acquisition of General Chemical adds significant size, scale and scope to Chemtrade’s existing product and service platform,” said Chemtrade president and CEO Mark Davis. “General Chemical has strong portfolio alignment with our current business, enhancing our existing sulphuric acid geographic footprint and greatly expanding our water treatment business so it now extends across most of North America."
General Chemical operates 45 facilities in the US, with revenue of $390m for the 12 months ended 30 September 2013. It employs about 540 people. Its facilities are comprised of three business units: water treatment chemicals, sulphuric acid and specialty chemicals.
Toronto-based Chemtrade provides industrial chemicals and services to customers and is one of North America’s largest suppliers of sulphuric acid.
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