Rockwood Holdings has announced that it is to purchase Kemira Oyj’s 39% interest in Sachtleben, the titanium dioxide (TiO2) business joint venture (JV) of the parties, for €97.5M.
Sachtleben was formed in September 2008 as a JV combining Rockwood’s TiO2 pigments and functional additives business and Kemira’s TiO2 business. Further, in July 2012, Sachtleben acquired certain business assets, primarily inventory and other production assets, of crenox GmbH, a German TiO2 producer from the insolvency administrator, bringing total capacity of the business from the three production plants to approximately 340,000t/yr.
