Arch Chemicals Completes Acquisition of Advantis Technologies
10 Ottobre 2008 - 7:50PM
Business Wire
Arch Chemicals, Inc. (NYSE: ARJ) announced that it has completed
its previously announced asset acquisition of the water treatment
chemicals business of Advantis Technologies, Inc. (�Advantis�).
Advantis, a subsidiary of Rockwood Holdings Inc., is a North
American manufacturer and marketer of branded swimming pool, spa
and surface water treatment chemicals with 2007 sales and EBITDA of
$71 million and $12 million, respectively. The transaction includes
Advantis� manufacturing center and headquarters located in
Alpharetta, GA, and leased warehouses and sales offices in Georgia,
California and Wisconsin. The cash purchase price was approximately
$124 million, free of debt, based upon an estimate of working
capital at closing. This purchase price is subject to a
post-closing adjustment based upon final working capital. The
acquisition is being financed by borrowings from the Company�s
revolving credit facility and is expected to be cash and earnings
accretive in the first year. The Company expects to realize pretax
synergies of approximately $6 million per year from the integration
and leveraging of these businesses into Arch. Louis S. Massimo,
Executive Vice President and Chief Operating Officer, commented:
�We are thrilled that the Advantis businesses and its talented
employees are now part of Arch, and we look forward to realizing
the potential of this winning combination. Our transition teams are
working to integrate the two organizations, and we expect to
rapidly capitalize on the many growth opportunities we have
identified.� About Arch Headquartered in Norwalk, Connecticut
(USA), Arch Chemicals, Inc. is a global Biocides company with
annual sales of approximately $1.5 billion. Arch and its
subsidiaries provide innovative, chemistry-based solutions to
control the growth of harmful microbes. The Company�s concentration
is in water, hair and skin care products, treated wood, paints and
coatings, building products and health and hygiene applications.
Arch Chemicals operates in two segments: Treatment Products and
Performance Products. Together with its subsidiaries, Arch has
approximately 3,000 employees and manufacturing and
customer-support facilities in North and South America, Europe,
Asia, Australia and Africa. For more information, visit the
Company�s Web site at http://www.archchemicals.com. Except for
historical information contained herein, the information set forth
in this communication contains forward-looking statements that are
based on management's beliefs, certain assumptions made by
management and management's current expectations, outlook,
estimates and projections about the markets and economy in which
the Company and its various businesses operate. Words such as
"anticipates," "believes," "estimates," "expects," "forecasts,"
�intends,� "opines," "plans," "predicts," "projects," "should,"
"targets" and variations of such words and similar expressions are
intended to identify such forward-looking statements. These
statements are not guarantees of future performance and involve
certain risks, uncertainties and assumptions ("Future Factors"),
which are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expected or forecasted
in such forward-looking statements. The Company undertakes no
obligation to update publicly any forward-looking statements,
whether as a result of future events, new information or otherwise.
Future Factors which could cause actual results to differ
materially from those discussed include but are not limited to:
general economic and business and market conditions; lack of growth
in U.S. and European economies; increases in interest rates;
economic conditions in Asia; changes in foreign currencies against
the U.S. dollar; customer acceptance of new products; efficacy of
new technology; changes in U.S. or foreign laws and regulations;
increased competitive and/or customer pressure; the Company's
ability to maintain chemical price increases; higher-than-expected
raw material and energy costs and availability for certain chemical
product lines; a change in the antidumping duties on certain
products; price increases due to changes in Chinese taxes related
to exports from China; increased foreign competition in the calcium
hypochlorite markets; inability to obtain transportation for our
chemicals; unfavorable court decisions, including unfavorable
decisions in appeals of antidumping rulings, arbitration or jury
decisions or tax matters; the supply/demand balance for the
Company's products, including the impact of excess industry
capacity; failure to achieve targeted cost-reduction programs;
capital expenditures in excess of those scheduled, such as the
China plant; environmental costs in excess of those projected; the
occurrence of unexpected manufacturing interruptions/outages at
customer or Company plants; a decision by the Company not to start
up the hydrates manufacturing facility; unfavorable weather
conditions for swimming pool use; inability to expand sales in the
professional pool dealer market; the impact of global weather
changes; changes in the Company�s stock price; and gains or losses
on derivative instruments.
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