KMG Chemicals buys electronic chemicals unit

Specialty chemical maker KMG Chemicals Inc. will spend approximately $24.7 million to buy the electronic chemicals business of General Chemical Performance Products LLC.

KMG said Friday the deal includes about $7 million in inventory. Including $850,000 of assumed liabilities, the deal is worth $25.5 million. It also includes a Hollister, Calif., manufacturing location that General Chemical will continue to operate for KMG after the deal.