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Milliken & Co. to acquire Borchers from The Jordan Co.

South Carolina-based specialty chemicals company Milliken & Co. Inc. agreed to acquire Ohio-based Borchers Americas Inc. from private equity firm The Jordan Co. LP.

The transaction is expected to close in January, subject to customary closing conditions. Financial terms were not disclosed.

Borchers is a specialty chemicals company based in Ohio.

Jones Day represented Milliken in the transaction. Moelis & Co. LLC was financial adviser, and Mayer Brown LLP was legal adviser to Borchers and The Jordan Co.