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Recent News

July 30, 2013
Frankfurt Office Advises Rockwood Holdings on Sale of Business Unit to ALTANA Group

Georg Linde, Dr. Patrick Meiisel, Dr. Christian Rolf, Rolf Hünermann

On July 30, German chemicals producer Rockwood Holdings, Inc. announced that it has entered into a definitive agreement to sell its rheology business to ALTANA Group, a German based global specialty chemical company for $635 million (approx. EUR 480 million).  ALTANA Group, which employs 340 people at four production sites in the U.S., Germany and the U.K., produces clay-based additives that are used to modify the flow characteristics of various materials.

The deal was handled by partners Georg Linde (Corporate) and Dr. Patrick Meiisel (Tax); national partners Dr. Christian Rolf (Employment) and Rolf Huenermann (Regulatory); and associates Dr. Maximilian Schwab, Wolfgang Münchow, Patrick Wacker, Daniel Zakrzewski, Jochen Riechwald, Christian Stöhr and Angela Redai.