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Calgon Carbon Corporation, acquired by its management in a leveraged buyout in 1985 and taken public in 1987. Calgon Water Management, sold to English China Clays in June 1993 for $307.5 million. [6] Calgon Vestal Laboratories, sold to Bristol-Myers Squibb in November 1994 for $261.5 million [7] and then to the Steris Corporation in 1996. [8]
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Calgon Carbon was listed on the New York Stock Exchange in 1991, and throughout the 1990s it bought a number of subsidiaries, with Calgon Carbon's executive Colin Bailey overseeing many of the acquisitions. [8] In 1997 Calgon Carbon Asia was formed as a marketing subsidiary in Singapore, serving much of Asia, India, Australia and New Zealand. [9]
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