OM Group, Inc. OMG announced
today it has signed definitive agreements to sell its Ultra Pure Chemicals
(UPC) subsidiaries located in the United States, England and Singapore, and
has simultaneously offered to sell its Ultra Pure Chemicals subsidiary located
in France, to KMG Chemicals, Inc. KMG for a combined price of $60
million in cash. The sale is expected to close before the end of June 2013,
subject to customary closing conditions and regulatory approvals.
The UPC subsidiaries, which are included in the Company's Specialty Chemicals
segment and had net sales in 2012 of $94 million, produce and supply unique
ultra pure chemical solutions to the semiconductor and microelectronics
industries in Europe, Asia and the United States.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsAsset Sales
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in