Kemira Group
Press release
June 11, 2012 at 1pm (CET+1)
Kemira Oyj’s and Rockwood Holdings Inc.’s titanium dioxide (TiO2) joint venture Sachtleben GmbH has reached an agreement to acquire the TiO2 production assets and inventory of crenox GmbH, based in Krefeld, Germany, from the insolvency administrator. The acquisition is expected to close by mid-July, subject to completion of due diligence, government approvals and other conditions.
Sachtleben will acquire the crenox Krefeld-Uerdingen plant and all inventory of the facility. The acquisition will add over 100,000 metric tons of TiO2 production, increasing total capacity to approximately 340,000 metric tons, further enhancing Sachtleben’s position as a leading global supplier of high quality TiO2 pigments.
The joint venture Sachtleben (Kemira ownership 39% in the joint venture), which was formed in August 2008 by combining Kemira Oyj’s 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, Vice President, 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.