Industry | 2015.05.01
KMG Completes Acquisition of Val-Tex
HOUSTON--(BUSINESS WIRE)--KMG Chemicals, Inc. (NYSE: KMG), a global provider of specialty chemicals in select markets, today announced that it has completed the acquisition of privately held Valves Incorporated of Texas (Val-Tex), a manufacturer of industrial valve lubricants and sealants. In addition to the lubricants business, KMG acquired the 606,875 shares of KMG common stock owned by Val-Tex. The purchase price for Val-Tex was $23.7 million in cash, plus 606,875 shares of common stock of K
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