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Chemical Week Magazine :: Business & Finance :: United States/Americas

Albemarle, Rockwood courted for two years

4:39 PM MDT | September 1, 2014 | —Robert Westervelt

Albemarle’s $6.2-billion acquisition of Rockwood Holdings was the result of an off-and-on two-year courtship, according to a joint registration statement filed 28 August by the two companies. Discussions accelerated quickly in May and June as Rockwood M&A adviser Lazard pressed for offers and former Rockwood chairman and CEO Seifi Ghasemi prepared to retire from Rockwood to take the top job at Air Products. Four other specialty chemical makers expressed an interest in all or part of Rockwood in recent months, according to the filing. In May 2012, Albemarle...

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