Private equity firm American Securities LLC is exploring a possible sale of specialty chemicals manufacturer General Chemical Corp  that could fetch more than $1 billion. American Securities took General Chemical private in 2009 for $673 million, including assumption of $262 million in debt and liabilities.

General Chemical Corp., established in 1980 in Detroit, MI, offers a complete line of Lubricants, metal cleaners and metalworking fluids. Their products are shipped to 65 countries on 5 continents.

News Source: Reuters.