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Italmatch Chemicals Group and Detrex Corp. announced a definitive merger agreement under which a subsidiary of Italmatch will acquire Detrex for $27.00 per share in cash. The transaction is expected to close by December 31, 2017.
Italmatch Chemicals, a global specialty chemical group, acquired Sudamfos do Brasil, a Brazilian distributor of phosphonates and phosphates, through its subsidiary Italmatch Do Brasil Partipações Ltda, strengthening its presence in Latin America.