Rockwood Holdings, Inc. ROC announced today that it entered into
a definitive agreement to sell its Titanium Dioxide Pigments and four
other non-strategic businesses to Huntsman Corporation HUN, a
global specialty chemical company, for an enterprise value of $1.325
billion, including the assumption of $225 million in pension
obligations, and subject to other customary adjustments. This
transaction is expected to close during the first half of 2014,
following receipt of regulatory approvals.
The businesses being sold include Titanium Dioxide Pigments, Color
Pigments & Services, Timber Treatment Chemicals, Rubber/Thermoplastics
Compounding, and Water Chemistry. These businesses had combined net
sales of $1,450.8 million and $1,539.0 million for twelve months ended
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