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10-14-2008: Arch Chemicals, Inc. announced that it has completed its previously announced asset acquisition of the water treatment chemicals business of Advantis Technologies, Inc.. Advantis, a subsidiary of Rockwood Holdings Inc., is a North American manufacturer and marketer of branded swimming pool, spa and surface water treatment chemicals with 2007 sales and EBITDA of $71 million and $12 million, respectively. The transaction includes Advantis’ manufacturing center and headquarters located in Alpharetta, GA, and leased warehouses and sales offices in Georgia, California and Wisconsin.
The cash purchase price was approximately $124 million, free of debt, based upon an estimate of working capital at closing. This purchase price is subject to a post-closing adjustment based upon final working capital. The acquisition is being financed by borrowings from the Company’s revolving credit facility and is expected to be cash and earnings accretive in the first year. The Company expects to realize pretax synergies of approximately $6 million per year from the integration and leveraging of these businesses into Arch.
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Lonza to acquire Arch Chemicals
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Arch Sayerlack Coatings S.r.l.
Founded in 1954 Sayerlack set itself the goal of producing the best possible wood coatings that advanced technology could formulate. With this aim Sayerlack quickly became one of the leaders in the wood coatings industry increasing its production volumes from 50 tons in 1954 to 44517 tons i ... more
Innovative, Chemistry-based Solutions Driving Profitable, Global Growth Headquartered in Norwalk, Connecticut (USA), Arch Chemicals, Inc. is a global Biocides company with approximately $1.5 billion in annual sales. Together with our subsidiaries, we have 3,000 employees and manufacturing ... more
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