Huntsman to Acquire Rockwood’s Performance Additives and TiO2 Businesses
THE WOODLANDS, TX – Huntsman Corp. and Rockwood Holdings Inc. have entered into a definitive agreement whereby Huntsman will acquire Rockwood’s Performance Additives and Titanium Dioxide (TiO2) businesses. Under the terms of the agreement, Huntsman will pay approximately $1.1 billion in cash and assume unfunded pension liabilities estimated at $225 million as of June 30, 2013.
According to Peter R. Huntsman, President and CEO of Huntsman Corp., the acquisition makes Huntsman the second-largest global producer of inorganic pigments and TiO2 and will give the company a broader product range of color pigments, functional additives and specialty TiO2 pigments.