The acquisition makes BlueStar the third largest silicon company in the world, after the US' Dow Corning and Germany's Wacker. The deal is expected to provide BlueStar with access to new technology and markets. The enterprise value agreed represents a multiple slightly higher then seven times recurring Ebitda.
This is the third cross-border acquisition BlueStar has announced this year. In January, the company acquired Adisseo Group for $450 million in the first cross-border outbound acquisition by a Chinese chemicals company. Adisseo Group is a French animal nutritional feeds...
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