Founder-Backed Altivia Said to Explore Strategic Options, Sale

Altivia’s owners are considering a sale that could value the chemical maker at more than $1 billion, according to people familiar with the matter.

The owners, which include co-founder and Chief Executive Officer J. Michael Jusbasche, are working with an adviser to look at strategic options for the Houston-based company, said the people, who asked not to be identified because they weren’t authorized to speak publicly.

Altivia, which is generating more than $100 million in earnings before interest, taxes, depreciation and amortization, is likely to attract interest from private equity firms and other chemical companies, the people said. ...