KMG Announces Acquisition of OM Group’s Ultra Pure Chemicals Business

HOUSTON--(BUSINESS WIRE)--KMG Chemicals, Inc. (NYSE: KMG), a global provider of specialty chemicals to select markets, today announced that it has entered into a definitive agreement to acquire the Ultra Pure Chemicals subsidiaries of OM Group (NYSE: OMG) located in the United States, England and Singapore, and has simultaneously offered to purchase OM Group’s Ultra Pure Chemicals subsidiary located in France. The combined acquisition would be for $60 million in cash, including working capital. The closing of the transaction is anticipated before the end of June 2013 upon the satisfaction of certain closing conditions.