April 24, 2017 / 10:05 PM / 5 months ago

BRIEF-KMG to acquire Flowchem LLC

April 24 (Reuters) - KMG Chemicals Inc:

* KMG to acquire Flowchem LLC

* Transaction is expected to be highly accretive to EBITDA, margin and adjusted earnings per share

* Says KMG will acquire Flowchem for a purchase price of $495 million in cash

* Says deal price includes working capital of approximately $17 million

* KMG Chemicals Inc says acquisition and associated transaction expenses will be funded with committed financing

* KMG Chemicals - signed definitive agreement to acquire Flowchem, a manufacturer of pipeline performance products, from Arsenal capital partners Source text for Eikon: Further company coverage:

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