Innophos (IPHS) to Acquire Kelatron in $21M Deal
Tweet
Share
E-mailGet Alerts IPHS Hot Sheet
Join SI Premium – FREE
Innophos Holdings, Inc. (Nasdaq: IPHS), has entered into a binding agreement and completed the acquisition of Kelatron Corporation.
The acquisition is structured as a stock purchase by Innophos' wholly owned subsidiary, Innophos, Inc. of Kelatron's holding company, KI Acquisition, Inc., for a purchase price of $21 million, subject to specified adjustments. KI Acquisition, Inc. is a portfolio company of Hadley Capital and First Analysis. Closing of the transaction occurred upon execution of the purchase agreement effective as of October 31, 2011. The acquisition is expected to be accretive to results in 2012.
The acquisition is structured as a stock purchase by Innophos' wholly owned subsidiary, Innophos, Inc. of Kelatron's holding company, KI Acquisition, Inc., for a purchase price of $21 million, subject to specified adjustments. KI Acquisition, Inc. is a portfolio company of Hadley Capital and First Analysis. Closing of the transaction occurred upon execution of the purchase agreement effective as of October 31, 2011. The acquisition is expected to be accretive to results in 2012.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- PayPal tumbles as Advent, Stripe said to drop $50 bln pursuit
- FCPT acquires Pennsylvania 7-Eleven property for $1.5 million
- FiscalNote sells FrontierView unit to Oxford Economics
Create E-mail Alert Related Categories
Mergers and AcquisitionsRelated Entities
First AnalysisSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
