OM Group Buys Vacuumschmelze From One Equity for $1 Billion

Bloomberg reported that OM Group (NYSE:OMG) will acquire Vacuumschmelze GmbH & Co. KG.

The market news is quoted as saying:

One Equity Partners, the private investment arm of JPMorgan Chase & Co., had bought Vacuumschmelze in 2005 for $529 million from Morgan Crucible Co. The takeover marks the largest purchase of a maker of advanced materials in at least a decade, according to Bloomberg data.

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