BRIEF-Chase Corp Acquires Stewart Superabsorbents (SSA), LLC For $71.4 Mln


Jan 4 (Reuters) – Chase Corp:

* CHASE CORPORATION ACQUIRES STEWART SUPERABSORBENTS (SSA), LLC – ZAPPA STEWART

* CHASE CORP – DEAL FOR $71.4 MILLION

* CHASE CORP – ‍EXPECTS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO ITS EARNINGS​

* CHASE CORP – DEAL FUNDED FROM $65 MILLION DRAW ON EXISTING REVOLVING CREDIT FACILITY, CASH ON HAND

* CHASE – TO CONTINUE TO MANUFACTURE, MARKET UNDER ZAPPA STEWART BRANDS, LOCATIONS; PLANS TO INTEGRATE ZAPPA STEWART INTO ERP PLATFORM IN COMING MONTHS​ Source text for Eikon: Further company coverage:


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