Issue Date: July 23, 2012
Olin To Acquire K.A. Steel Chemicals
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.
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