Albemarle Completes Acquisition of Rockwood

US fine chemicals producer Albemarle has completed its acquisition of Rockwood Holdings, first announced in July 2014.

In line with the merger agreement, Rockwood has become a wholly-owned subsidiary of Albemarle, which remains headed by Luke Kissam as CEO. The company has been delisted from the New York stock exchange.

"Our combined world-class team, expanded customer reach and increased diversity across end markets, technologies and geographies positions allows Albemarle to drive long-term growth," Kissam said.