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Freedom Industries Says It Has Buyer for Chemical-Blending Unit

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Freedom Industries Inc. wants to sell its chemical-blending division as it moves to shut down following a chemical spill that contaminated the water supply of some 300,000 people in West Virginia earlier this year, Dow Jones Daily Bankruptcy Review reported today. In court papers, company officials said they found a buyer willing to pay $575,000 for its Poca Blending division, which sells — from 79 tanks — products for surface water treatment and dust suppression and de-icer to the coal and rail sector. Its largest customer is Arch Coal Inc., according to court documents.