Golden Gate Capital is exploring the sale of Mulberry-Fla.-based chemical company ArrMaz, according to Bloomberg, citing people with knowledge of the matter. The deal could fetch about $580 million based on similar valuations in the industry. ArrMaz’s chemicals are used to help process the breakdown of phosphate, as well as in fertilizers and highway asphalt. Gold Gate is working with Lazard Ltd. to seek buyers. Golden Gate and Lazard declined to comment.
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