Report: Rockwood looking to sell Sachtleben, performance additives
11:47 AM MDT | March 21, 2013
Rockwood is considering a sale of its Sachtleben titanium dioxide (TiO2) joint venture along with its performance additives business, according to a Reuters report. The two businesses would be sold together, and could attract a price exceeding $2 billion, the report says. Private equity firms, including Bain Capital and Blackstone, are the leading bidders, it adds. Rockwood bought out Kemiraâ€™s 39% stake in Sachtleben in February for $130 million. The move was widely viewed as a precursor to Rockwood selling Sachtleben. Rockwood paired it with the performance...
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