Arch Chemicals expands position in water treatment through acquisition of Advantis Technologies
Arch Chemicals, Inc. announced that it has signed a definitive agreement to acquire the water treatment chemicals business of Advantis Technologies, Inc.. Advantis, a subsidiary of Rockwood Holdings Inc., is a North American manufacturer and marketer of swimming pool, spa and surface water treatment chemicals. The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close early in the fourth quarter of 2008.
Headquartered in Alpharetta, GA, Advantis operates with approximately 160 employees. The entity generated 2007 sales of $71 million and EBITDA of $12 million. Advantis’ primary manufacturing center is also located in Alpharetta, GA, and the business has leased warehouses and sales offices in Georgia, California and Wisconsin. The total cash purchase price is $130 million, free of debt, and is subject to a post-closing working capital adjustment. The acquisition will be financed by 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 with the Arch Water Products business.
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.
