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Albemarle exploring divestiture for Chemetall?

4:43 PM MDT | May 23, 2016 | —Natasha Alperowicz and Vincent Valk

Albemarle has appointed Bank of America to advise it on the future of Chemetall (Frankfurt), a company active in the surface treatment business that Albemarle acquired last year with the purchase of Rockwood Holdings, according to Bloomberg, citing people familiar with the matter. Albemarle has declined to comment. In 2014, Chemetall reported sales of $826 million. It has 2,500 employees and operates in 22 countries. Chemetall produces chemical treatments for metal surfaces, aiding in corrosion protection, cleaning, and paint adhesion. Chemetall received interest...

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