IHS Chemical Week

People & Business :: Companies

Reports: Rockwood's divestment of noncore assets sparks private equity interest

9:24 AM MDT | May 22, 2013 | Francinia Protti-Alvarez

Specialty chemicals and advanced materials firm Rockwood Holdings' (Princeton, NJ) sale of certain business units has attracted interest from various private equity suitors, according to Reuters. Rockwood announced earlier this year it would refocus its activities around the lithium and surface treatment business. The divestment of its titanium oxide (TiO2) activities was addressed earlier this month during an investor conference call. Other assets to be divested include the company's ceramics business and color additives business. Rockwood has packaged its...

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