Citation
(2004), "Rockwood Pigments to acquire Johnson Matthey Pigments, dispersions business", Pigment & Resin Technology, Vol. 33 No. 6. https://doi.org/10.1108/prt.2004.12933fab.024
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited
Rockwood Pigments to acquire Johnson Matthey Pigments, dispersions business
Rockwood Pigments to acquire Johnson Matthey Pigments, dispersions business
Rockwood Specialties Group Inc. subsidiary of Rockwood Pigments (UK) Ltd announced a definitive agreement to acquire the Pigments and Dispersions business of Johnson Matthey plc. for approximately $50 million. The transaction, which is subject to regulatory clearance, is expected to close by the end of the third quarter, Rockwood Specialties said. The acquisition includes manufacturing facilities in Kidsgrove and Sudbury, UK, and Braeside, Australia.
Johnson Matthey’s Pigments and Dispersions business is a producer of transparent iron oxide pigments and dispersions, color concentrates and complex inorganic color pigments used in coatings, ink, building materials and plastics. The business has annual sales of approximately $70 million. Seifi Ghasemi, Rockwood Chairman and CEO, called the acquisition “an important addition to our global pigments business” that reflects the company’s objective to create “a world-class global specialty chemicals company.”
Ronald Rapaport, Managing Director of the Rockwood Pigments Division, said the acquisition expands the company’s technology base and range of pigments and dispersions. Rockwood’s Pigments Division is a major global supplier of synthetic iron oxide pigments, with manufacturing sites in the United States, Europe and China.