Chemtrade Pays $860M To Get General Chemical From PE Firm

Law360, New York (December 4, 2013, 1:30 PM EST) -- Chemtrade Logistics Income Fund will buy General Chemical Corp. from New York private equity firm American Securities LLC for $860 million in cash, the companies said Wednesday, in a deal that Chemtrade said boosts its business in the worlds of water treatment chemicals, sulphuric acid and specialty chemicals.

Chemtrade said that the deal — expected to close in late December or early January — is expected to significantly increase the company's earnings, as the chemicals and services provider scoops up the entirety of New Jersey-based General...
To view the full article, register now.