American Securities to sell General Chemical for $860 mln: UPDATED

American Securities has agreed to sell General Chemical Corp. to Chemtrade Logistics Income Fund for $860 million. The deal is expected to close in December or January. Parsippany, N.J.-based General Chemical makes a portfolio of inorganic chemical products, which operates three business units: Water Treatment Chemicals, Sulphuric Acid, and Specialty Chemicals. Barclays and Key Bank acted as financial advisors to American Securities and General Chemical. UPDATE: David Bradley and Richard Burke of Jefferies, along with BMO Capital Markets, provided financial advice to Chemtrade.

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