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Cornerstone Chemical plans financing for buyout by Littlejohn
By Sara Rosenberg
New York, July 20 – Cornerstone Chemical Co. has received a commitment for financing from Goldman Sachs to help fund its acquisition by Littlejohn & Co. LLC from H.I.G. Capital LLC, according to a news release.
Closing is expected in August.
Cornerstone is a Waggaman, La.-based producer of a wide-range of chemicals, including acrylonitrile, melamine, sulfuric acid and other products.
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