Rockwood Holdings, Inc. has announced that it has signed a definitive agreement with Nalco Holdings, Inc., to acquire Nalco’s Finishing Technologies business. The purchase price is approximately $75 million.
Nalco’s Finishing Technologies business provides chemicals and services for pre-treating of metal and will become part of Rockwood’s Chemetall Americas surface treatment business, once the acquisition is completed. Included in the transaction is Nalco’s Finishing Technologies plant in Jackson, Michigan. The transaction is subject to regulatory approval and is expected to close in the third quarter.
Commenting on the transaction, Seifi Ghasemi, Rockwood’s Chairman and CEO, “This acquisition is an important addition to Chemetall’s surface treatment business and a key part of Rockwood’s overall strategy to grow through bolt-on acquisitions. It increases our expanding surface treatment business in North America, and it significantly increases Chemetall’s ability to serve the metalworking industry.”
For more information on metal, click here.
Posted July 25th,2008