One Equity Partners (New York) has closed on its $200-million purchase of FMC’s hydrogen peroxide (H2O2) business, renaming it PeroxyChem.
PeroxyChem's main markets are large industrial operations in the pulp and paper, mining, and chemical synthesis sectors. The company also sells into specialized sectors, including electronics, environmental remediation, and energy and food packaging and is focusing its growth initiatives on those businesses, says PeroxyChem CEO Bruce Lerner. The company is the fourth-largest H2O2 producer globally, and it also produces persulfates and peracetic acid. The business generated $302.7 million in revenues in 2012.