Industry News, Mergers and Acquisitions

Huntsman to Acquire Rockwood’s Performance Additives and Titanium Dioxide Businesses

Purchase price is $1.1 billion in cash plus the assumption of unfunded pension liabilities

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Huntsman Corporation and Rockwood Holdings, Inc. announced that they have entered into a definitive agreement whereby Huntsman will acquire Rockwood’s Performance Additives and Titanium Dioxide (TiO2) businesses. Under the terms of the agreement, Huntsman will pay approximately $1.1 billion in cash and assume unfunded pension liabilities estimated at $225 million as of June 30, 2013. “This acquisition provides a unique opportunity to unlock value within our Pigments business and b...

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