One Equity Partners to Buy Remaining Columbian Chemicals Share

Equity Investment company One Equity Partners has agreed to pay $150 million to acquire the remaining 66.75 per cent stake in Columbian Chemicals Holding LLC that it does not already own. Columbian Chemicals, based in the US state of Georgia, manufactures carbon black for use in tyres and plastic products.

This share is being purchased from South Korea’s DC Chemical Co., which partnered with One Equity to buy Columbian Chemicals from Phelps Dodge for $600 million in 2006. The law firm Dechert LLP is advising One Equity on the deal, which is expected to close later this quarter.