One Equity Partners has agreed to acquire the remaining 66.75% stake in Columbian Chemicals Holding LLC that it does not already own, for $150 million. The seller is South Korea-based DC Chemical Co., which partnered with One Equity to buy Columbian Chemicals in 2006 for $600 million from Phelps Dodge Corp.
Columbian Chemicals is a Marietta, Ga.-based maker of carbon black, a material used to increase durability in products like tires and plastics.
Dechert LLP is advising One Equity on the deal, which is expected to close later this quarter. www.columbianchemicals.comGet your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.