Arch Chemicals Enters Agreement to Sell Superior Pool Products to SCP Pool Corporation.Business Editors NORWALK, CT--(BUSINESS WIRE)--June 19, 2000 Arch Chemicals Founded in 1999, Arch Chemicals (NYSE: ARJ) is a biocides company with over a billion dollars in annual sales. It consists of four divisions:
See: New York Stock Exchange :ARJ A compression program for backup archiving from ARJ Software, Inc., Norwood, MA (www.arjsoftware.com). Introduced in the early 1990s and created by Robert Jung (the RJ in ARJ), ARJ never achieved the popularity of PKZIP, although it is considered a worthy competitor. See JAR. ) announced that it has signed an agreement to sell the assets of its subsidiary, Superior Pool Products, Inc. ("Superior"), a distributor of swimming pool equipment, parts and supplies to SCP (1) (Service Control Point) A node in an SS7 telephone network that provides an interface to databases, which may reside within the SCP computer or in other computers. Pool Corporation ("SCP") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on / NM: POOL), based in Covington, LA. The sale is subject to certain conditions, including government regulatory approvals. Michael E. Campbell, Chairman and Chief Executive Officer, Arch Chemicals, Inc., said, "This divestiture is part of our plan to optimize our portfolio. It will enable us to increase overall operating margins and to focus on improving our leading brand position in our core residential pool business." The Superior distribution network encompasses 19 service centers in California, Arizona and Nevada with 1999 sales exceeding $80 million. Arch Chemicals, Inc., with headquarters in Norwalk, CT., has three business segments: Microelectronic Chemicals; Performance Chemicals; and Water Chemicals. Arch has an estimated 3,000 employees in facilities in North America, South America, Europe, Asia and South Africa. In 1999, Arch reported revenues of approximately $900 million. |
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