Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for Chemtura Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.