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OM Group (OMG) will sell its Ultra Pure Chemicals subsidiaries to KMG Chemicals (KMG) for $60M....

OM Group (OMG) will sell its Ultra Pure Chemicals subsidiaries to KMG Chemicals (KMG) for $60M. The divestiture will help shore up OMG's balance sheet, the company says, while KMG gets a business which generated $94M in net sales in 2012. OMG sold its advanced materials business for $325M in January. (PR)
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