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Rockwood to complete titanium dioxide divestment by year-end

5:42 PM MDT | May 6, 2013

Rockwood Holdings said last week that it would exit the titanium dioxide (TiO2) business by the end of 2013, and would not delay a sale because of weak TiO2 market conditions. “If we do not get the valuation that we want, we will spin it off to shareholders,” Rockwood chairman and CEO Seifi Ghasemi said in response to a question on whether the sale could be delayed on the company’s earnings investor call last week. “In terms of the valuation, anybody who’s looking at buying that business cannot possibly be looking at the performance quarter by quarter...

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