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2017.04.2506:44:00UTC+00KMG Chemicals to acquire Flowchem for $495 million

Texas-based KMG Chemicals on Monday announced its plan to purchase Flowchem, a pipeline performance chemicals company, from Arsenal Capital Partners.

The chemicals company on late Monday said it will acquire Flowchem , which makes products that reduce the drag of liquids like crude oil in pipelines, for $495 million in cash.

KMG said it expects the transaction to be complete in mid-June.


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