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Rockwood to Sell Clay Based Additives Business to ALTANA Group for $635M

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Rockwood Holdings, Inc. (NYSE: ROC) announced today it entered into a
definitive agreement to sell its Clay Based Additives business to ALTANA
Group, a German based global specialty chemical company for a purchase
price of $635 million, subject to customary adjustments.

A segment of Rockwood's Performance Additives business, Clay Based
Additives had 2012 sales of $191.4 million. This transaction is expected
to close during the fourth quarter 2013 following receipt of certain
regulatory approvals.

“The sale of Clay Based Additives is another step forward in the
implementation of our long term business strategy to maximize
shareholder value,” said Seifi Ghasemi, Chairman and Chief Executive
Officer. “I want to

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

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