Issue Date: May 21, 2007
Elementis Sheds Pigments Business
Elementis has agreed to sell its global pigments business, headquartered in East St. Louis, Ill., to Rockwood Specialties for $140 million. Last year, the business had sales of roughly $172 million and operating profits of about $11 million. "This transaction confirms the success of our restructuring initiatives in the pigments division," says Elementis CEO David Dutro. Rockwood says it will combine the business with its own color pigments operation.
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