Issue Date: July 28, 2008
Rockwood Will Buy Pigments Producer
Rockwood Holdings has agreed to purchase Holliday Pigments from British specialty chemical maker Yule Catto for $72.5 million. Holliday makes the inorganic pigments ultramarine and manganese violet. It earned $9.5 million on sales of $54.7 million in 2007. The purchase includes Holliday's plant and R&D center in Comines, France. Rockwood has been adjusting its pigments portfolio recently. In May, it agreed to put its Sachtleben titanium dioxide business into a joint venture with Kemira. Last year, Rockwood purchased Elementis' iron oxide pigments business.
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