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Business

KMG picks up Another Electronics Line

by Michael McCoy
March 8, 2010 | APPEARED IN VOLUME 88, ISSUE 10

KMG Chemicals has agreed to acquire General Chemical’s wet electronic chemicals business for $25.5 million in cash. The business generated sales last year of $42.7 million from facilities in Hollister and Bay Point, Calif. KMG entered high-purity electronic chemicals in October 2007 when it acquired Air Products & Chemicals’ business. KMG CEO J. Neal Butler says the new deal “substantially increases” the firm’s share of the U.S. wet electronic chemicals market.

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