DuBois Chemicals to acquire TWH Water Treatment Industries for up to $165M

JZ Capital Partners announced that TWH Water Treatment Industries, a subsidiary of Triwater Holdings, agreed to merge with a subsidiary of DuBois Chemicals. The total consideration is up to $165 million, including $148 million initial cash and up to $17 million earn-out.

“The shareholders of Water Treatment Industries, including Triwater Holdings, will receive for the Merger, in aggregate, initial gross consideration of approximately US$148 million in cash on completion of the Merger.”investegate.co.uk

• 4 sources
• investegate.co.ukInvestegate | Company AnnouncementInvestegateSep 3, 2018
• advfn.comJZ Capital Partners Ltd - JZCP announces disposal of Water Treatment IndustriesPR Newswire (USSep 3, 2018
• duboischemicals.comDuBois Aquires BHS - DuBois ChemicalsktrauOct 3, 2018
• peprofessional.comwater treatmentJohn McNultyOct 18, 2018

Summarized from public sources; check the original articles before acting on it.