Volume 90 Issue 30 | p. 14 | Concentrates
Issue Date: July 23, 2012

Olin To Acquire K.A. Steel Chemicals

Department: Business
Keywords: chlorine, caustic soda, bleach

Olin has agreed to acquire K.A. Steel Chemicals, a privately owned chemical company, for $328 million in cash. Based in Lemont, Ill., K.A. Steel is one of the largest North American distributors of caustic soda and a leading midwestern manufacturer of bleach. It had sales last year of $435 million. Olin, a top producer of chlor-alkali, calls itself the largest U.S. producer of bleach. Olin CEO Joseph D. Rupp says the purchase increases the firm’s bleach manufacturing capacity by about 20% and provides a platform to distribute other Olin inorganic chemicals such as hydrochloric acid and potassium hydroxide.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

Leave A Comment

*Required to comment