One Equity Becomes Sole Owner of Columbian Chemicals

A decision taken by the European Commission on March 2 means that the way is clear for JPMorgan Chase & Co.’s ‘One Equity’ private equity unit to take on sole ownership of carbon black manufacturer Columbian Chemicals. The former minority shareholder will pay US$150 million for a 66.75 per cent chunk in the Columbian Chemicals, which is currently owned by South Korea’s DC Chemical Co. Ltd. The South Korea based Columbian Chemicals facilities will, however, continue to be owned and operated by DC Chemical.