Rockwood Holdings, Inc. ROC announced today that it completed the
sale of CeramTec, its advanced ceramics business to Cinven, a European
private equity firm for purchase price of EUR 1.49 billion, subject to
customary adjustments. Rockwood has received net cash proceeds of over
USD 1.75 billion, net of all transaction adjustments, fees and taxes.
“We are pleased with the expeditious timing and execution to close this
transaction,” said Seifi Ghasemi, Chairman and Chief Executive Officer.
“Consistent with our current focus to maintain a strong balance sheet,
it would be our immediate plan to use a portion of the net proceeds to
pay off our term debt,” added Mr. Ghasemi.
CeramTec
See full press release
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