Industry | 2015.04.01
KMG Announces Acquisition of Val-Tex
HOUSTON--(BUSINESS WIRE)--KMG Chemicals, Inc. (NYSE: KMG), a global provider of specialty chemicals in select markets, today announced the acquisition of privately held Valves Incorporated of Texas (Val-Tex), a manufacturer of industrial valve lubricants and sealants since 1962, in a merger transaction. In addition to the lubricants business, KMG will acquire the 606,875 shares of KMG common stock owned by Val-Tex. The closing of the transaction is anticipated to occur in late April upon the sa
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