|By Marketwired .||
|April 2, 2014 03:00 PM EDT||
FRANKFURT, GERMANY and NEW PROVIDENCE, NJ--(Marketwired - April 02, 2014) - Effective April 1st, 2014 Chemetall US, Inc. has acquired certain business assets of SaberPack in Lino Lakes, Minnesota/USA. With the acquisition of SaberPack's glass surface protection technologies, the leading surface treatment company strengthens its worldwide market position in the glass industry. "The innovative interleaving powder glass protection business of SaberPack is a perfect fit for us to extend our broad range of high-tech protection materials and to further expand our regional presence in North America and abroad," says Kurt Wenzel, Senior VP Corporate Strategy and Business Development of Chemetall.
A dedicated glass division within the Chemetall group, Aachener Chemische Werke ("ACW"), manufactures and markets specialty chemicals for the float-, optical- and automotive glass industry. "The SaberPack acquisition is in line with our strategic goal to enlarge, strengthen and grow our glass business globally," comments Joris Merckx, President of Chemetall and adds, "We are in the position to offer technically advanced concepts to the glass industry by combining our existing interleaving powder, coolants, cutting fluids, washing compounds and water treatment chemicals business with SaberPack's glass protection solutions."
Chemetall, a division of Rockwood Holdings, Inc., is a leading global supplier of special chemicals with a focus on processes for the surface treatment of metals and plastics. Chemetall is headquartered in Frankfurt am Main, Germany, and comprises about 40 companies and 22 production sites worldwide. With 2,100 employees, the Group achieved sales of about 592 million Euro (2013). More at www.chemetall.com.
About Rockwood Holdings, Inc.
Rockwood Holdings, Inc. based in Princeton, N.J./USA, is a leading global developer, manufacturer and marketer of technologically advanced and high value-added specialty chemicals, with a market capitalization of approximately $5 billion. It is a leading integrated and low cost global producer of lithium and lithium compounds that has been an enabler of the significant global growth of mobile devices by providing adequate lithium supply used in lithium-ion batteries for electronics and alternative transportation. The company is also the second largest global producer of products and services for metal processing, servicing the luxury European automotive, general industry and aerospace industry.
With approximately 3,500 employees in 17 countries and over 50,000 customers, Rockwood's materials result in end-use products for nearly every industry and generated annual net sales of approximately $1.4 billion in 2013 (after adjustment for discontinued operations). For more information on Rockwood, please visit www.rocksp.com.
This press release contains, and management may make, certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts may be forward looking statements. Words such as "may," "will," "should," "could," "likely," "anticipates," "intends," "believes," "estimates," "expects," "forecasts," "plans," "projects," "predicts" and "outlook" and similar words and expressions are intended to identify forward-looking statements. Examples of our forward-looking statements include, among others, statements relating to our outlook, our future operating results on a segment basis, our future Adjusted EBITDA and free cash flows, our share repurchase plans and our strategic initiatives. Although they reflect Rockwood's current expectations, they involve a number of known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied, and are not guarantees of future performance. These risks, uncertainties and other factors include, without limitation, Rockwood's business strategy; changes in general economic conditions in North America and Europe and in other locations in which Rockwood currently does business; competitive pricing or product development activities affecting demand for Rockwood's products; technological changes affecting production of Rockwood's materials; fluctuations in interest rates, exchange rates and currency values; availability and pricing of raw materials; governmental and environmental regulations and changes in those regulations; fluctuations in energy prices; changes in the end-use markets in which Rockwood's products are sold; hazards associated with chemicals manufacturing; Rockwood's ability to access capital markets; Rockwood's high level of indebtedness; risks associated with competition and the introduction of new competing products, especially from the Asia-Pacific region; risks associated with international sales and operations; risks associated with information securities and the risks, uncertainties and other factors discussed under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Rockwood's Form 10-K for the year ended December 31, 2012 and other periodic reports filed with or furnished to the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The following files are available for download:
Chemetall PR Contact
Global Marketing Communications Manager
Phone: +49 (0)69 7165 3605
Trakehner Str. 3
D-60487 Frankfurt am Main
Vice President Technical Marketing
Phone: +1 908 508 2107
Chemetall US, Inc.
675 Central Avenue
New Providence, NJ 07974
Rockwood Investor Relation Contact:
VP Investor Relations
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