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Arsenal Capital Partners sold Flowchem, a manufacturer of pipeline performance products, to KMG for $495 million. Flowchem's adjusted EBITDA was approximately $43 million over the past twelve months.
KMG, a specialty chemicals provider, agreed to acquire privately-owned Sealweld, a supplier of industrial valve maintenance products and services, for US$17.4 million in cash, effective February 1, 2017.