FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018.
REUTERS/Brendan McDermid/File Photo(Reuters) -KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about $1.3 billion including debt, to help the private equity firm bolster its holdings in the specialty chemicals sector.
Chase manufactures chemicals such as adhesives and coating materials to be used in industries ranging from automotive and electronics to energy markets.
KKR has been on a deal-making spree to expand its portfolio of assets and businesses in tech, healthcare, real estate, energy and credit.
Valve and pump maker Circor is also poised to sell itself to KKR in a $1.7 billion deal.
Persons:
Brendan McDermid, Chase, ”, Josh Weisenbeck
Organizations:
KKR, New York Stock Exchange, REUTERS, Wall Street Journal, Valve
Locations:
New York, U.S, Europe