Harcros, based in Kansas City, KS, distributes chemicals to the coatings and other industries, primarily in the Midwest. The business had sales of approximately $226 million in 2000. Elementis said the sale reflects the company's strategy to focus on its core specialty-chemicals business.
Elementis Sells Harcros Chemicals
LONDON - Elementis plc has sold Harcros Chemicals, the company's U.S. chemical-distribution business, for approximately ¿23.0 million, or $32.4 million, to HCI Acquisitions Inc., a newly launched company that includes a partial stake held by the existing senior management of Harcros.