Rockwood Holdings to Acquire Holliday Pigments

Rockwood Holdings to
Acquire Holliday Pigments
Rockwood Holdings, Inc. has reached an agreement with Yule Catto and Co. plc to purchase Holliday Pigments, a global manufacturer of technical grade ultramarine and manganese violet pigments. The purchase price is approximately €46 million.
Holliday Pigments manufactures inorganic ultramarine pigments for a wide range of applications, including coatings, inks, plastics and cosmetics. When the transaction is completed, the business, including Holliday’s manufacturing and R&D headquarters in Comines, France, will become part of Rockwood Color Pigments. In 2007 Holliday Pigments posted EBITDA of €6.0 million and sales of €34.7 million.
“The addition of Holliday Pigments is an excellent fit for us,” said Seifi Ghasemi, Rockwood’s chairman and CEO. “It is a business with strong technical leadership and excellent growth prospects in diverse markets. This is an excellent bolt-on acquisition for Rockwood and an important addition to the Rockwood Color Pigments product line.”
The transaction is subject to regulatory clearances. It is expected to be completed during the third quarter.