logo
Share SHARE
FONT-SIZE Plus   Neg

KIK Custom Acquires Chemtura's BioLab/Bayrol Consumer Products Business

KIK Custom Products Inc. said Thursday it completed its acquisition of the consumer products business of Chemtura Corp. (CHMT: Quote) for an adjusted purchase price of $300 million.

The company said the deal had a $15 million reduction to reflect the resolution of certain pre-closing matters by the parties. The company also said the purchase price is subject to a post-closing adjustment for working capital and assumed pension liabilities.

"This acquisition marks a major step in the strategic growth of our company," said Jeff Nodland, KIK's CEO.

Toronto, Canada-based KIK is one of North America's largest contract and private label manufacturers of consumer, institutional and industrial products. KIK entered the pool care business in 2011 with the acquisition of US-based Chem-Lab Products Inc.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT