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

|About: OM Group, Inc. (OMG)|By:, SA News Editor

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)