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Business
Ashland buys coatings firm
November 6, 2006
| A version of this story appeared in
Volume 84, Issue 45
Ashland has signed a definitive agreement to purchase Northwest Coatings, a maker of radiation-curable adhesives and coatings, from Caltius Equity Partners, a private equity firm, for $72 million. Northwest has annual sales of about $40 million. Ashland says the acquisition will strengthen its offerings to adhesives and coatings customers in a high-growth segment of the packaging and labeling business.
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