May 14 2007
Rockwood Holdings, Inc.today announced that Rockwood has signed a definitive agreement to acquire the global color pigments business of Elementis plc (LSE: ELM) for approximately $140 million. The business had sales of approximately $172 million and EBITDA of $18 million in 2006.
The transaction includes Elementis production facilities in the United States, the United Kingdom and in China. The transaction is subject to approval by appropriate regulatory authorities.
In announcing the transaction, Seifi Ghasemi, Rockwood Chairman and Chief Executive Officer, said, “This acquisition is in keeping with our strategy to grow both organically and by bolt-on acquisitions. The expected synergies with the Elementis business will give us the ability to serve our customers on a more cost-effective basis.”
他补充说：“我们的颜色色素业务与Elementis的颜色业务的结合将导致全球领先的颜色颜料生产商，具有更具成本效益的生产基础，以及用于混凝土，涂料和其他专业应用的各种产品和服务。两家公司拥有互补的产品线和生产设施，为客户提供了更广泛的选择和全球采购。除美国和欧洲外，合并后的业务还将扩大在中国的生产业务。”