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Israel Chemicals Snags Roughly $1B In Sale To PE Firm

Law360, New York (December 7, 2017, 2:19 PM EST) -- Israel Chemicals Ltd. has agreed to sell its fire safety and oil additives businesses to health care and specialty chemicals-focused private equity firm SK Capital Partners in a deal worth about $1 billion, according to a Thursday statement from the Tel Aviv-based specialty minerals company.

The deal sees Israel Chemicals shedding business units that in 2016 posted about $245 million in combined sales. The fire safety business supplies chemicals and services for fighting wildfires, as well as foams meant to extinguish other fire types. The oil...
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