DGAP-News 246 0 Kommentare Willkie Farr & Gallagher LLP: Willkie advises Rockwood on the acquisition of Kemira´s 39 per cent. stake in the Sachtleben Joint Venture

DGAP-News: Willkie Farr & Gallagher LLP / Key word(s): Acquisition
Willkie Farr & Gallagher LLP: Willkie advises Rockwood on the
acquisition of Kemira´s 39 per cent. stake in the Sachtleben Joint
Venture

20.02.2013 / 09:32

Willkie Farr & Gallagher LLP has advised Rockwood Holdings, Inc. (NYSE:
ROC) on the purchase of Kemira Oyj´s 39 per cent. interest in Sachtleben,
the titanium dioxide (´TiO2´) business joint venture for an equity value of
EUR 97.5 million. This transaction closed on February 15, 2013.

Sachtleben is a leading producer of specialty grade titanium dioxide and
was formed in September 2008 as a joint venture combining Rockwood´s
titanium dioxide pigments and functional additives business and Kemira´s
titanium dioxide business. Further, in July 2012, Sachtleben acquired
certain business assets, primarily inventory and other production assets,
of crenox GmbH, a German titanium dioxide producer from the insolvency
administrator, bringing total capacity of the business from the three
production plants to approximately 340,000 metric tons.

Rockwood Holdings, Inc. is a leading global inorganic specialty chemicals
and advanced materials company. Rockwood has a world-wide employee base of
approximately 10,300 people and annual net sales of approximately $3.7
billion in 2011.

The Willkie team for Rockwood was led by Georg Linde and included partners
Mario Schmidt, Rolf Hünermann, and associates Dr. Maximilian Schwab,
Patrick Wacker and Christina Mann (all Corporate).

Willkie Farr & Gallagher LLP is an international law firm of over 650
attorneys with offices in New York, Washington, Paris, London, Milan, Rome,
Frankfurt and Brussels. The firm´s headquarters are in New York at 787
Seventh Avenue, Tel.: 001 212 728 8000.

Frankfurt, February 19, 2013

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