Rockwood completes sale of electronics business to OM Group
(Business News, 03 Jan 2008 )
Rockwood Holdings Inc. has completed the sale of its electronics business to OM Group Inc., effective December 31, 2007. The transaction included exercising the put option to sell Rockwood’s French electronics business to OM Group. The net proceeds of the sale were approximately $300 million.
Rockwood’s electronics business included its ultra-pure chemicals business, printed circuit board business and its photomasks business. In 2006, the segment, excluding its wafer reclaim business which was not included in the transaction, had sales of $187 million and generated Adjusted EBITDA of $35.4 million.
