COURBEVOIE, FRANCE – Total energy firm has agreed to sell its Atotech plating chemicals business for $3.2 billion to a private equity firm, according to published reports.

The Carlyle Group reportedly sealed the deal over other private equity firms, including CVC Capital Partners and Cinven.

Berlin-based Atotech has annual sales of $1.1 billion. Carlyle reportedly says it expects continued growth for Atotech, but hasn’t divulged its plans for the company.

In May, Total announced it was putting Atotech on the block, saying that the unit no longer fit Total's strategic vision.

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