Here’s a summary of Rockwood Holdings as might be presented on Google Finance, formatted in HTML:
Rockwood Holdings (Acquired)
Please Note: Rockwood Holdings was acquired by Albemarle Corporation (ALB) in January 2015. This information is for historical reference only.
Overview
Rockwood Holdings, Inc. (formerly NYSE: ROC) was a global specialty chemicals and advanced materials company. It operated in three primary segments: Lithium, Advanced Ceramics, and Performance Additives. Each segment served a diverse range of industries with specialized products and solutions.
Key Segments:
- Lithium: Rockwood was a leading producer of lithium compounds used in batteries for electric vehicles and portable electronics, as well as in greases, pharmaceuticals, and other applications. They extracted lithium from brine resources and hard rock deposits.
- Advanced Ceramics: This segment manufactured and sold high-performance ceramic components for aerospace, electronics, medical, and industrial applications. Products included specialty coatings, structural ceramics, and technical powders.
- Performance Additives: Rockwood’s Performance Additives segment focused on specialty additives used in coatings, inks, plastics, and other products. Key product lines included rheology modifiers, biocides, and specialty polymers.
Historical Financial Performance (Pre-Acquisition)
Before its acquisition, Rockwood Holdings reported its financial performance publicly. Key metrics included:
- Revenue: Rockwood generated significant revenue globally, driven by strong demand for its specialty products. Specific revenue figures varied year to year based on market conditions and economic factors.
- Profitability: The company focused on improving profitability through operational efficiencies, product innovation, and strategic acquisitions.
- Growth Strategy: Rockwood pursued a growth strategy that included expanding its global footprint, developing new products, and acquiring complementary businesses.
Acquisition by Albemarle Corporation
In January 2015, Albemarle Corporation (ALB) completed its acquisition of Rockwood Holdings, Inc. The acquisition significantly strengthened Albemarle’s position in the lithium market and expanded its portfolio of specialty chemicals and advanced materials. The acquisition price was approximately $6.2 billion in cash and Albemarle stock.
Significance of the Acquisition
The acquisition of Rockwood Holdings was a strategic move for Albemarle, allowing it to:
- Become the world’s leading lithium producer.
- Diversify its product portfolio into high-growth areas such as advanced ceramics and performance additives.
- Expand its global reach and customer base.
Disclaimer: This information is based on historical data and publicly available information prior to the acquisition of Rockwood Holdings by Albemarle Corporation. Current information regarding the former Rockwood businesses is now incorporated into Albemarle’s financial reporting and operations.