Rockwood to sell AlphaGary plastics compounding business for $300m

17 December 2010 14:38  [Source: ICIS news]

TORONTO (ICIS)--Rockwood Holdings has agreed to sell its AlphaGary plastic compounding business to Mexichem for $300m (€228m) in cash, the US-based international specialty chemicals firm said on Friday.

AlphaGary, which makes specialty plastic compounds for the wire and cable business as well as medical applications and other uses, was the largest division in Rockwood’s specialty compounds segment, it said.

"The completion of the sale of this compounding business is another step in concentrating our portfolio on high-margin specialty chemicals and advanced materials businesses,” said CEO Seifi Ghasemi.

Rockwood expected to complete the deal in the first quarter of 2011, subject to regulatory approval and closing conditions, it said.

($1 = €0.76)

For more on Rockwood and other producer visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly