SUBSEQUENT EVENT

6 Months Ended

Jun. 30, 2012

Subsequent Events [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENT

On July 17, 2012, we entered into a definitive agreement to acquire privately-held K. A. Steel Chemicals Inc. (KA Steel), on a cash free, debt free basis, for $328 million in cash, subject to certain post-closing adjustments. The closing of the acquisition is conditioned upon regulatory approval and other customary closing conditions and is expected to occur by the end of the third quarter of 2012. We expect to finance the acquisition using a combination of cash on hand and drawing under our $265 million senior revolving credit facility.