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Kemira and Rockwood Merge TiO2 Businesses

11:52 AM MDT | May 27, 2008 | Natasha Alperowicz

Kemira and Rockwood Holdings say they have agreed to combine their respective specialty titanium dioxide (TiO2) businesses and the functional additives business owned by Rockwood into a joint venture. Rockwood would hold a 61% share of the jv and Kemira, 39%. The combined businesses had 2007 proforma revenues of about €560 million ($868 million). The deal is subject to approval by competition authorities and is expected to close during the third quarter. Ghasemi: Expanding TiO2 offerings. The jv will include Rockwood’s Duisburg, Germany TiO2...

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