American Securities Inks $860M General Chemical Sale
December 05, 2013
American Securities has agreed to sell General Chemical to Chemtrade Logistics Income Fund for $860 million. American Securities reportedly held talks with Apollo Global Management, which had also expressed interest in the company, before inking its agreement with Chemtrade. Global Chemical manufactures and sells inorganic chemical products through three business units (Water Treatment Chemicals, Sulphuric Acid and Specialty Chemicals). American Securities took the company private in 2009 for about $672 million.