¡¡¡¡Arch Substances enlarges position in drinking water therapy through acquisition of Advantis Technologies

¡¡¡¡Arch Chemical compounds, Inc. declared it has signed a definitive deal to get Water Treatment Chemicals treatment method chemical compounds company of Advantis Technology, Inc.. Advantis, a subsidiary of Rockwood Holdings Inc., is actually a Northern American citizen marketer and manufacturer of skating pool, surface and spa h2o treatment chemicals. The financial transaction, which happens to be susceptible to regulatory approvals and also other standard shutting conditions, is predicted to close at the outset of the 4th quarter of 2008.

¡¡¡¡Headquartered inGA and Alpharetta, Advantis works with roughly 160 staff. The organization made 2007 income of $71 zillion and EBITDA of $12 thousand. Advantis¡¯ major production heart can also be situated inAlpharetta and GA, and the business has leased sales and warehouses places of work in Georgia, Wisconsin and California. The complete cash acquire pricing is $130 zillion, clear of personal debt, which is susceptible to a post-closing doing work money modification. The purchase will probably be funded from the Company¡¯s rotating credit history center and is also likely to be earnings and cash accretive inside the 1st year. The Corporation wants to appreciate pretax synergies of around $6 million annually through the integration and utilizing of the organizations with the Arch H2o Products enterprise.