Press release
June 04, 2012 at 11.45 am (CET+1)
Kemira Oyj and Rockwood Holdings Inc. titanium dioxide joint venture Sachtleben Gmbh completed the financing of a new facility agreement in the aggregate amount of EUR 430 million. The proceeds of the facility will be used to repay the outstanding balance of the existing facility agreement, pay a dividend to the joint venture partners and other corporate purposes. The facility has a maturity of five years.
The joint venture Sachtleben, which was formed in August 2008 by combining Kemira Oyj’s (Kemira ownership 39% in the joint venture) and Rockwood’s TiO2 businesses, is a leading producer of specialty TiO2 pigments for the synthetic fiber, packaging inks, cosmetics, pharmaceutical and food industries.
For more information, please contact
Kemira Oyj
Matti Lapinleimu, VP, Mergers & Acquisitions
+358 40 581 7615
Kemira is a global over two billion euro water chemistry company that is focused on serving customers in water-intensive industries. The company offers water quality and quantity management that improves customers’ energy, water, and raw material efficiency. Kemira’s vision is to be a leading water chemistry company.