KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about $1.3 billion including debt, to help the private equity firm bolster its holdings in the chemical specialty sector.
Under the deal terms, KKR will buy all outstanding shares of Chase common stock for $127.50 apiece.
Chase manufactures chemicals such as adhesives and coating materials to be used in industries ranging from automotive and electronics to energy markets.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Can’t stop reading? Read more
HarbourView partners with ColorCreative to scale women-led storytelling powerhouse
HarbourView partners with ColorCreative to scale women-led storytelling powerhouse HarbourView...
How private equity can build resilience in a world gone unpredictable
How private equity can build resilience in a world gone unpredictable Resilience isn’t a buzzword...
KKR acquires Australia’s Zenith Energy in $1.1bn deal to target energy transition growth
KKR acquires Australia’s Zenith Energy in $1.1bn deal to target energy transition growth KKR has...