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Business
BWA Is Sold To Investment Firm
by Marc S. Reisch
August 8, 2011
| A version of this story appeared in
Volume 89, Issue 32
BWA Water Additives, a maker of water treatment chemicals, has been sold for the third time in five years. Berwind Corp., a Philadelphia-based investment firm, has bought BWA from Seera Investment Bank of Bahrain for $300 million. In 2008, Seera paid about $200 million to buy BWA from private equity firm Close Brothers, which initially bought the business from Chemtura in 2006 for $85 million.
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