Rockwood News Archives - 2007
December 2007
Southern Clay Products Announces Price Increase for Claytone® and Tixogel® Additives In the Americas
Effective January 1, 2008 or as contracts allow, Southern Clay Products, Inc. (SCP) will increase the price of its Claytone® and Tixogel® organoclay additives and other rheological additives for solvent-based systems (including Advitrol® and Rheocin® castor oil derivatives) by an average of $.10/lb.
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Southern Clay Products Announces Price Increase for Associative Thickeners
Effective January 1, 2008 or as contracts allow, Southern Clay Products, Inc. will increase the price of its Optiflo® nonionic associative thickeners by an average of 3 percent across all regions to help offset continuing increases in raw material and energy costs.
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November 2007
 Rockwood Holdings, Inc. Announces Fourth Quarter and Full Year 2007 Conference Call and Webcast
 Rockwood Holdings, Inc. will host a conference call and webcast to discuss the results of operations for the fourth quarter and full year ended December 31, 2007 on Tuesday, February 19, 2008 at 10 a.m. Eastern Time.
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Rockwood Specialties Group Inc. Upgraded To ‘BB-’, Outlook Stable; Financial Profile Improves
On Nov. 19, 2007, Standard & Poor’s Ratings Services raised the ratings on Rockwood Specialties Group Inc.’s senior secured credit facilities and subordinated notes. The ratings on the senior secured issues were raised to ‘BB+’ from ‘BB’, two notches above the ‘BB-’ corporate credit rating. The recovery ratings on the senior secured issues are ‘1’, indicating expectations of very high (90%-100%) recovery in the event of a payment default. The ratings on the subordinated notes were raised to ‘B’ from ‘B-’.
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Rockwood Specialties Group Inc. Upgraded To ‘BB-’, Outlook Stable; Financial Profile Improves
On Nov. 19, 2007, Standard & Poor’s Ratings Services raised its ratings on Rockwood Specialties Group Inc., including its corporate credit rating, to ‘BB-’ from ‘B+’. The outlook is stable. The upgrade follows strengthening in the financial profile as a result of continued strong operating performance, increasing free operating cash generation during the past few quarters, and debt reduction with asset sale proceeds.
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Rockwood Announces Pricing of Secondary Offering
Rockwood Holdings, Inc. announced today that funds affiliated with Kohlberg Kravis Roberts & Co. L.P and DLJ Merchant Banking Partners III, as well as certain management stockholders, have agreed to sell an aggregate of 10 million shares of common stock of Rockwood, at $34.00 per share. The Company will not receive any proceeds from the offering.
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Rockwood Announces Secondary Offering
Rockwood Holdings, Inc. announced today that it has commenced an offering to sell 10 million shares of its common stock owned by funds affiliated with Kohlberg Kravis Roberts & Co. L.P and DLJ Merchant Banking Partners III, as well as certain management stockholders. The Company will not receive any proceeds from the offering.
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October 2007
Rockwood Reports Strong Third Quarter Results
Net Sales up 12.1%. Adjusted EBITDA up 17.7%. As adjusted EPS of $0.42 vs. $0.31. As reported EPS of $0.32 vs. $0.29.
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Rockwood Holdings, Inc. Announces Third Quarter 2007 Conference Call and Webcast
Rockwood Holdings, Inc. will host a conference call and webcast to discuss the results of operations for the third quarter ended September 30, 2007 on Wednesday, October 31, 2007 at 11 a.m. Eastern Time.
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Joris Merckx to head Surface Treatment Business of Chemetall
Joris Merckx has been appointed to the board of Chemetall GmbH and managing director of Chemetall’s global surface treatment business.
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Rockwood Agrees to Sell Electronics Business to OM Group
Rockwood Holdings, Inc. has entered into a definitive agreement to sell its electronics business, excluding its business entity in France, to OM Group, Inc. for approximately $265 million, subject to customary adjustments.
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Rockwood Holdings, Inc. to Host 2nd Annual Investor/Analyst Day Monday, October 8, 2007
Rockwood Holdings will hold an investor day for analysts and investors on Monday, October 8 at the St. Regis Hotel, 2 E. 55 Street, New York, New York from 1:30 pm to 5:45 pm.
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September 2007
Seifi Ghasemi, Chairman and CEO, of Rockwood Holdings To Present at the Credit Suisse Chemicals Conference
Seifi Ghasemi, chairman and CEO of Rockwood Holdings, Inc., will discuss the company’s businesses and strategy on Wednesday, September 26, at the Credit Suisse 16th Annual Chemical Conference.
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Rockwood Color Pigments & Services Announces Global Price Increases for Color Pigments
Rockwood Color Pigments & Services announces, with immediate effect, a worldwide price increase ranging from 7% to 15% for its full range of color pigments with additional increases on certain pigment types.
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Rockwood Acquires Global Pigments Business of Elementis
Rockwood Holdings, Inc. today announced that it has completed the acquisition of the global color pigments business of Elementis plc.
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August 2007
Rockwood Holdings, Inc. Announces Third Quarter 2007 Conference Call and Webcast
Rockwood Holdings, Inc. will host a conference call and webcast to discuss the results of operations for the third quarter ended September 30, 2007 on Wednesday, October 31, 2007 at 11 a.m. Eastern Time.
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July 2007
Rockwood Reports Strong Second Quarter Results
Net Sales up 10.3%. Adjusted EBITDA up 15.4%. As adjusted EPS of $0.51 vs. $0.44. As reported EPS of $0.37 vs. $0.49.
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June 2007
Southern Clay Products Announces Increase for Claytone® and Tixogel® Additives
Effective August 1, 2007, Southern Clay Products, Inc. (SCP) will increase the price of all Claytone® and Tixogel® organoclay additives up to 7%.
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S&P Upgrades Rating on Rockwood Secured Debt
The ratings on Rockwood Specialties Group Inc.’s bank financing have changed.
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Rockwood Holdings, Inc. Announces Second Quarter 2007 Conference Call and Webcast
Rockwood Holdings, Inc. will host a conference call and webcast to discuss the results of operations for the second quarter ended June 30, 2007 on Monday, July 30, 2007 at 10 a.m. Eastern Time.
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May 2007
Rockwood Redeems 10 5/8 Senior Subordinate Notes
Rockwood Holdings, Inc. redeemed its outstanding 10 5/8% senior subordinated notes due 2011 on May 15, 2007, in the aggregate principal amount of $273.4 million, using proceeds from the sale of its Groupe Novasep subsidiary.
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Rockwood Agrees to Acquire Global Pigments Business of Elementis
Rockwood Holdings, Inc. announced that Rockwood has signed a definitive agreement to acquire the global color pigments business of Elementis plc (LSE: ELM) for approximately $140 million.
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April 2007
Rockwood Reports Strong First Quarter Results
Rockwood Holdings, Inc., a global producer of specialty chemicals and advanced materials, today reported that net sales increased 9.9 percent and Adjusted EBITDA increased 17.6 percent for the first quarter of 2007 on strong growth in several businesses.
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Rockwood Appoints New Board Member – J. Kent Masters, a Member of the Executive Board of the Linde Group Joins Rockwood’s Board
Rockwood has appointed J. Kent Masters to its board of directors and also a member of the board Audit Committee effective May 16, 2007.
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Rockwood Holdings, Inc. Announces First Quarter 2007 Conference Call and Webcast
Rockwood Holdings, Inc. will host a conference call and webcast to discuss the results of operations for the first quarter ended March 31, 2007 on Monday, April 30, 2007 at 10 a.m. Eastern Time.
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March 2007
Rockwood Reports Strong Fourth Quarter and Full Year Results
Rockwood Holdings, Inc., a global producer of specialty chemicals and advanced materials, today announced results for the fourth quarter and full year 2006.
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February 2007
Rockwood Announces Sale of US Wafer Reclaim Business
Rockwood Holdings, Inc. has announced that it has completed the sale of the US operations of its wafer reclaim business to Pure Wafer, plc, a provider of silicon wafer reclaim services based in the United Kingdom, for approximately $11 million.
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January 2007
Rockwood Appoints Andrew M. Ross Managing Director of Rockwood Color Pigments
Rockwood Holdings, Inc. has announced that Andrew M. Ross has been appointed Managing Director of Rockwood Color Pigments and Services. In his new position, he will have full responsibility for Rockwood’s global color pigments and services business, including operations in the US, Germany, Italy, UK, China and Australia.
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Rockwood Appoints Monika Engel-Bader President of Chemetall
Rockwood Holdings, Inc. has announced that Dr. Monika Engel-Bader has been appointed to the position of president of Chemetall GmbH and related businesses.
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Rockwood Holdings, Inc. Announces Fourth Quarter 2006 Conference Call and Webcast
Rockwood Holdings, Inc. will host a conference call and webcast to discuss the results of operations for the fourth quarter and full year ended December 31, 2006, on Monday, March 12th at 10 a.m. Eastern Time.
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Fredrik Sjödin Resigns from Rockwood Holdings Board
Rockwood Holdings, Inc., today announced that Fredrik Sjödin has resigned from the company’s board of directors, effective immediately, for personal reasons.
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Rohm and Haas Wood Biocides and Rockwood’s CSI Subsidiary Commence Operations of Viance, Joint Venture to Serve the Wood Treatment Industry
Rohm and Haas Company and Chemical Specialties, Inc. (CSI), a wholly owned subsidiary of Rockwood Holdings, Inc., today announced they have completed the formation of Viance, LLC, a joint venture company that will provide an extensive range of advanced wood treatment technologies and services to the global wood treatment industry.
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Archived Rockwood news releases can be found on Rockwood's archive pages:
2007 Releases • 2006 Releases • 2005 Releases • 2004 Releases • 2002-2003 Releases
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