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People & Business :: M&A

Rockwood and Kemira Consider Divestment of Titanium Dioxide JV

5:18 AM MDT | April 26, 2012 | Ian Young

Rockwood Holdings and Kemira have hired Lazard to advise on options, including a potential sale or listing, for the companies' Sachtleben (Duisburg, Germany) titanium dioxide (TiO2) joint venture. Kemira today confirmed a recent German press report that the partners are exploring strategic options for Sachtleben. Further details were not disclosed. Sachtleben has been a part of the Rockwood group since 2004 and it became a 61-39 jv between Rockwood and Kemira in 2008. The company says it has a combined 230,000 m.t./year of TiO2 capacity...

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