29.07.2013 • NewsadditivesAltanaHuntsman

Altana To Buy Rockwood Holdings’ Global Rheology Business

German specialty chemicals group Altana said on Sunday it had agreed to buy the global rheology business of U.S. chemicals maker Rockwood Holdings for $635 million to expand its additives portfolio.

With the acquisition - expected to close in the fourth quarter of 2013 - Altana's sales are expected to reach about €1.9 billion from more than €1.7 billion in 2012, Altana said.

Rheology additives are used in coatings, construction materials and personal care products.

The business is part of Rockwood's additive division, which it had bundled with its titanium dioxide business.

In March it had put the bundled unit on the block, only to dissolve the combination later.

This month Rockwood has revived its efforts to hive off its titanium dioxide unit and is in talks with prospective buyer Huntsman Corp., two people familiar with the matter told Reuters on July 2.

 

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.