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Business
Chemtrade To Acquire General Chemical
by Marc S. Reisch
December 9, 2013
| A version of this story appeared in
Volume 91, Issue 49
Canada-based Chemtrade Logistics will acquire privately held General Chemical for $860 million. For the 12 months ending on Sept. 30, New Jersey-based General had $390 million in sales of sulfuric acid, potassium chloride, and other inorganic chemicals for markets such as water treatment and industrial processing. Chemtrade says the acquisition will create a business with more than $1.2 billion in revenue by adding to Chemtrade’s existing sulfuric acid and water treatment businesses. General was part of AlliedSignal until it was spun off in 1986.
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