PRINCETON, NJ – Rockwood Holdings Inc. has entered into a definitive agreement to sell its Clay Based Additives business to ALTANA Group, Wesel, Germany, a global specialty chemical company. The purchase price is $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 of 2013 following receipt of certain regulatory approvals.