Barclays PE Snaps Up Swiss-Owned Chemical Co.

Law360, New York (October 27, 2011, 12:20 PM EDT) -- Barclays Private Equity is buying specialty chemical maker CU Uetikon for an undisclosed amount from Swiss conglomerate CPH Chemie & Papier Holding AG with an eye on developing new products for the pharmaceuticals, cosmetics and nutrition industries, Barclays said Thursday.

The target company will be 90 percent owned by Barclays Private Equity with CU Uetikon's management holding a minority stake, the buyer said.

CU Uetikon realized more than $24 million in net sales for the first half of 2011 and has projected a 30 percent full-year...
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