KMG Chemicals Completes 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 completed the acquisition of the Ultra Pure Chemicals subsidiaries of OM Group (NYSE: OMG) located in the United States, England and Singapore. Simultaneously, KMG completed the acquisition of OM Group’s Ultra Pure Chemicals subsidiary in France. The total purchase price for OM Group’s Ultra Pure Chemicals subsidiaries was $63.3 million in cash, which included approximately $17.3 million for working capital. Estimated working capital at closing was higher than the targeted amount by $3.3 million, and accounts for an increase of that amount in the purchase price.