BioLab Acquired by KIK Custom Products

Chemtura has just announced plans to sell BioLab to KIK Custom Products for $314 million. 

BioLab manufactures pool and spa care brands including BioGuard, Bayrol, SpaGuard, OMNI and Sun products. The sale is expected to close at the end of this year.

“This acquisition is an important step for BioLab as we drive towards our long-term vision,” says Jon Viner, president of BioLab. “Being part of a consumer-oriented company like KIK allows us to focus on our strategy of bringing innovative solutions to the market and providing even greater service to our dealers and retail partners.”

“We are excited about this acquisition, which enhances our household cleaning portfolio and furthers our ongoing commitment to pool care,” says Stratis Katsiris, president of KIK’s Classic Division.

This marks yet another bold move in the pool and spa industry for KIK Products. The company entered the industry in 2011 when it acquired Chem-Lab Products, and just in August, it announced plans to partner with Clorox in a new line of pool and spa products and accessories scheduled for release in spring 2014. Based in Toronto, KIK made more than $1.2 billion in 2012 sales and has more than 3,000 employees. 

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