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Business

Ashland buys coatings firm

November 6, 2006 | A version of this story appeared in Volume 84, Issue 45
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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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