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KMG Chemicals Inc Completes Acquisition of OM Group’s Ultra Pure Chemicals Business

Monday, 3 Jun 2013 09:00am EDT 

KMG Chemicals Inc announced that it completed the acquisition of the Ultra Pure Chemicals subsidiaries of OM Group Inc located in the United States, England and Singapore. Simultaneously, KMG completed the acquisition of OM Group's Ultra Pure Chemicals subsidiary in France. The total purchase price for OM Group's Ultra Pure Chemicals subsidiaries was $63.3 million in cash, which included approximately $17.3 million for working capital. Estimated working capital at closing was higher than the targeted amount by $3.3 million, and accounts for an increase of that amount in the purchase price. 

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