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Rockwood Press Release
Rockwood Holdings to Acquire Holliday Pigments,
Leading Producer of Ultramarine Blue
Princeton, NJ USA (July 21, 2008) – Rockwood Holdings, Inc. (NYSE: ROC) has announced that it has reached an agreement with Yule Catto & Co. plc to purchase Holliday Pigments, the leading global manufacturer of technical grade ultramarine and manganese violet pigments. The purchase price is approximately 46 million Euros.
Holliday Pigments manufactures inorganic ultramarine pigments for a wide range of applications, including plastics, cosmetics, coatings and inks. When the transaction is completed, the business, including Holliday’s manufacturing and R&D headquarters in Comines, France, will become part of Rockwood Color Pigments. In 2007 Holliday Pigments posted EBITDA of 6.0 million Euros and sales of 34.7 million Euros.
Commenting on the transaction, Seifi Ghasemi, Rockwood’s Chairman and CEO, “The addition of Holliday Pigments is an excellent fit for us. It is a business with strong technical leadership and excellent growth prospects in diverse markets. This is an excellent bolt-on acquisition for Rockwood and an important addition to the Rockwood Color Pigments product line.”
The transaction is subject to regulatory clearances. It is expected to be completed during the third quarter.
Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 9,500 people and annual net sales of approximately $3 billion. The company focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.
Yule Catto is an international producer of specialty chemicals, supplied to global customers for use in a wide range of industries including pharmaceuticals, FMCG, paints and adhesives.
The information set forth in this press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such as, "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations of such words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. "Forward-looking statements" consist of all non-historical information, including any statements referring to the prospects and future performance of Rockwood. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's 2007 Form 10-K and subsequent filings on file with the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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