Olin Corp. completed the acquisition of privately-held K. A.
Steel Chemicals (KA Steel) for $328 million in cash, the
company said on Friday.
Olin, a US-based chlor-alkali producer, said
it will utilize proceeds from a recently-completed $200
million senior notes offering and cash on hand to finance the
KA Steel, headquartered in Lemont, Illinois, is one of the
largest distributors of caustic soda in North America and one
of the leading bleach manufacturers in the Midwest.
During the third quarter of 2012, Olin expects to expense
approximately $8 million of transaction costs related to the