Rockwood Holdings, Inc. sells rheology business to ALTANA Group, a German specialty chemical company, for $635 million
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.