Platform buying chemical maker MacDermid for $1.8BOctober 10, 2013 @ 3:35 pm
(AP) - A holding company, Platform, says it is buying MacDermid Inc. for $1.8 billion as a means to build a chemicals business.
Platform was created by Martin Franklin, the founder of consumer products company Jarden Corp. Jarden's brands include Crock-Pot, Sunbeam, Coleman and Mr. Coffee.
Platform's stock has been suspended from the London Stock Exchange and it intends to move to the New York Stock Exchange later this year. The company, which is based in the British Virgin Islands, plans to rename itself Platform Specialty Products Corp.
The privately held MacDermid, based in Denver, provides chemicals to the metals, graphic arts and other industries. It has annual revenue of $742 million. It will continue as a standalone business once the sale is complete. The deal is expected to close this month.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Return to Dominance
The Seahawks beat Arizona 35-6 to move into tie for NFC West lead
Week in Photos
Cheetahs, penguins and Santa make it in this week's photos
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.