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Chemical Week Magazine :: Business & Finance :: United States/Americas
Rockwood reportedly cancels TiO2 sale, spin-off possible
1:09 PM MDT | June 28, 2013 | —Vincent Valk
Rockwood is canceling the auction of its Sachtleben titanium dioxide (TiO2) and performance additives businesses after negotiations with private equity firms failed to produce an acceptable offer, according to a Reuters report. Rocwkood was hoping to sell the businesses for about $2 billion, and had received interest from Bain Capital, Blackstone, Apollo Global Management, and Advent International, among others, reports say. Ghasemi: Spin-off is an alternative to TiO2 sale. Many of these firms have significant chemical investments. Advent International...
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