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Italy’s Italmatch Chemicals has bought Water Science Technologies, a Birmingham, Alabama–based formulator of treatment chemicals for the industrial water, oil, and gas industries. WST has annual sales of $75 million and 40 employees, according to Italmatch. Separately, Italmatch has invested an undisclosed sum in FRX Polymers, which makes phosphorus-based flame retardants. Owned by the private equity firm Bain Capital, Italmatch has several flame retardant and phosphorus chemical businesses, some obtained via acquisition.
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