Closing, which is anticipated in the second quarter, is subject
to
regulatory approvals.
About Sun Capital Partners, Inc.
Sun Capital Partners
, Inc.K.
Rockwood Holdings, Inc.
respectively intermediates
(Sun Capital), a private investment
firm with
headquarters in Boca Raton, Florida.
Included in the sale are six manufacturing sites: Akron
and Cincinnati,
Ohio; Charlotte, North Carolina; Cheyenne, Wyoming; Henry, Illinois; and
Kalama
, Washington.
This is Lubrizol's fourth and largest divestiture since it announced in
July
2005 its strategy to divest non-core businesses with combined revenues of
$500 million in order to
focus on building its personal care, performance
coatings, specialty materials and lubricant additives
businesses. PRINCETON, N.J.S.pigments additives
The company
assumes no obligations to update the statements contained
in this release. Although Rockwood believes the
expectations reflected in such forward-looking statements
are based upon
reasonable assumptions, there can be no assurance that its expectations will
be
realized.diversified reagents
50 Euro/kg
* C5-C20 Alkyl bromide 6.
Albemarle Corporation, headquartered
in Richmond, Virginia, is a leading
global developer, manufacturer and marketer of bromine, bromine
derivatives,
and other highly engineered specialty chemicals for consumer electronics;
petroleum
and petrochemical processing; transportation and industrial
products; pharmaceuticals; agricultural
products; and construction and
packaging materials.explosives inorganic
is (800) 553-
0329 and the international dial
-in number is (612) 332-0932. Actual results could differ materially from those
projected in Rockwood
's forward-looking statements due to numerous known and
unknown risks and uncertainties, including
, among other things, the "Risk
Factors" described in Rockwood's securities filings with the Securities
and
Exchange Commission, including its registration statement on Form S-1.agrochemicals catalysts
is a leading private investment
firm focused on
leveraged buyouts, equity, debt, and other investments in market-leading
companies
that can benefit from its in-house operating professionals and
experience.; and Shenzhen,
China
. Such
uncertainties and factors may cause actual results to differ materially from
those expressed
or implied by forward-looking statements.90 Euro/kg
* Methylene dibromide 3.rocksp
.com.toiletries marketplaces
Lubrizol acquired most of the Business with the acquisition of Noveon
International, Inc
. Uncertainties and
risk factors that could affect the future performance of the company and cause
results to differ from the forward-looking statements in this press release
include, but are not
limited to, the increased leverage resulting from the
financing of the Noveon International, Inc
. acquisition; the company's
ability to raise prices in an environment of increasing raw material
prices;
conditions affecting the company's customers, suppliers and the industries
that it serves;
competitors' responses to the company's products; changes in
accounting, tax or regulatory practices
or requirements; and other factors
that are set forth in the company's most recently filed reports
with the
Securities and Exchange Commission.The Chemicals category focuses on industries and companies
engaged in chemical manufacturing, including:
Basic organic and inorganic chemical compounds
, resins, additives, pigments, dyes, and petrochemicals which are generally used as raw materials for
other chemical products,
Intermediate and end products for both industrial and consumer use, including
cleaning agents, adhesives and coatings, and agricultural chemicals,
Synthesis of polymers and
plastics, as well as companies which provide contract processing such as extrusion or molding,
Support industries such as producers of chemical manufacturing equipment as well as associations, wholesalers
, importers, and media companies focussing on chemical sectors
Sites not listed in this
category include:
Topics related to scientific or academic aspects of either chemistry
or chemical engineering are organized in Science: Chemistry and Science: Technology: Chemical Engineering
, respectively.
toiletries pharmaceuticals
About The Lubrizol Corporation
The Lubrizol Corporation (NYSE: LZ)
is an innovative specialty chemical
company that produces and supplies technologies that improve
the quality and
performance of our customers' products in the global transportation,
industrial
and consumer markets.
With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns
and
operates manufacturing facilities in 20 countries, as well as sales and
technical offices
around the world.lubrizol. Sun Capital has offices in: Boca Raton, Florida;
Los Angeles, California;
New York, New York; London, U.
This press release contains forward-looking statements within
the meaning
of the federal securities laws.
Words such as "anticipates," "believes," "estimates
," "expects," "forecasts,"
"predicts" and variations of such words or expressions are intended to
identify forward-looking statements.focussing adsorbents
50 Euro/kg
* Bromo esters 7.50 Euro
/kg
* Bromobenzene 7. "Forward-looking statements" consist of all non-historical
information, including the statements referring to the prospects and future
performance of Rockwood
.reagents pharmaceuticals
In
addition, Lubrizol makes ingredients and additives for personal care products
and pharmaceuticals;
specialty materials, including plastics technology;
performance coatings in the form of specialty
resins and additives; and
additives for the food and beverage industry. Founded in 1928, Lubrizol
has
approximately 7,500 employees worldwide. Forward-looking statements are subject to uncertainties
and factors relating to the company's operations and business environment that
are difficult to
predict and may be beyond the control of the company.
Minimum delivered prices (on a full-container
shipment basis --
approximately 20 metric tons) for some of the more common bromine derivative
products
follow:
* C2-C4 Alkyl bromide 3.
Commenting on the expected results,
Seifi Ghasemi, Rockwood's chairman and
chief executive officer, said, "As a result of Rockwood's
diversified
portfolio, broad customer base and limited exposure to petrochemicals, we do
not expect
our results to be materially affected by the recent surge in energy
and raw material prices, nor
have we had any material disruptions to our
business as a result of the Gulf Coast hurricanes.intermediates toiletries
Lubrizol
Sells Food Ingredients and Industrial Specialties Businesses
Lubrizol's industry-leading
technologies
in additives, ingredients and compounds enhance the quality,
performance and value of customers'
products, while reducing their
environmental impact. Rockwood has a worldwide employee base of
approximately
10,300 people and net revenue of approximately $2. The company focuses on global niche segments of the
specialty chemicals and advanced materials markets, including specialty
chemicals, performance
additives, titanium dioxide pigments, advanced
ceramics, custom synthesis, specialty compounds and
electronics.catalysts dyes
Revenues for 2005 were $4.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act
of 1995: Statements in this press release regarding Albemarle Corporation's
business which are not historical facts are "forward-looking statements" that
involve risks and
uncertainties. For more
information on Rockwood, please visit http://www.pharmaceuticals additives
in June 2004. For more
information, visit http://www. As a general matter, forward-looking
statements relate to anticipated
trends and expectations rather than
historical matters.
The information set forth in this
press release contains certain "forward-
looking statements" within the meaning of the Private Securities
Litigation
Reform Act of 1995 concerning the business, operations and financial condition
of Rockwood
Holdings, Inc.polymers chemical
com. The Company operates in three business segments --
Polymer Additives, Catalysts
and Fine Chemicals, and serves customers in
approximately 100 countries. (NYSE: ROC) is the ultimate
parent company of
Rockwood Specialties Group, Inc.polymers toiletries
These technologies include lubricant
additives
for engine oils, other transportation-related fluids and industrial
lubricants, as well as fuel additives
for gasoline and diesel fuel. The forward-looking statements contained
herein represent the company
's judgment as of the date of this release and it
cautions readers not to place undue reliance on
such statements., access code: 799694,
and internationally at (320) 365-3844, access code: 799694
.petrochemicals pharmaceuticals
The Business previously reported into the
consumer specialties product line of the Noveon Specialty
Chemicals segment. No access code
is needed for either call., a leading global specialty chemicals
and
advanced materials company.chemicals additives
The purchaser views this as a good
opportunity and expects to
add resources to improve and position the business
for long-term growth. Sun Capital affiliates have
invested in and managed more than 110
companies worldwide with combined sales in excess of $27 billion
since Sun
Capital's inception in 1995.
diversified inorganic
The 2005 sales for the Business were approximately
$400 million. The purchaser intends to retain all of the employees,
numbering approximately 625,
at these locations.com.
LOUVAIN-LA-NEUVE, Belgium, Albemarle
Corporation (NYSE: ALB
), a leading manufacturer of bromine and bromine
derivative chemicals, will increase prices on its
entire line of brominated
fine chemicals which are produced at its sites in Thann and Port de Bouc
,
France and Magnolia, Arkansas, USA, effective November 15, 2005, or as
contracts allow.00 Euro
/kg
* 1,3 Bromo chloro propane 3. A replay of the conference call will be available
through
March 27, 2006 at (800) 475-6701 in the U.S.
A listen-only, live webcast of the conference call
will be available at
http://www.com.additives inorganic
Learn more about Albemarle at
http://www. For a discussion
of such risks and
uncertainties, which could cause actual results to differ from those contained
in the forward-looking statements, see "Risk Factors" in the Company's Annual
Report on Form 10
-K. The webcast and PowerPoint will be
archived on Rockwood's website.pigments intermediates
In June 2004, Lubrizol acquired
Noveon International, Inc. For more information, visit http://www.
(NYSE: ROC; "Rockwood"), a
global producer of specialty chemicals and advanced
materials, announced it will host a conference
call and webcast to discuss its
fourth quarter and full year 2005 results of operations for the period
ended
December 31, 2005 on Monday, March 20, 2006 at 11 a."
The dial-in number to access via
conference call in the U., its subsidiaries and affiliates ("Rockwood").
chemicals reagents
CLEVELAND, The
Lubrizol Corporation
(NYSE: LZ) announced today that it has entered into an agreement to sell its
food ingredients and industrial specialties businesses (the Business) to an
affiliate of Sun Capital
Partners, Inc.0 billion.
Brominated fine chemicals are used in the manufacture of pharmaceuticals
,
agrochemicals, photographic chemicals, biocides, paper chemicals, perfumes,
dyes and other products
.rocksp.
Pharmaceuticals are listed in Business: Biotechnology and Pharmaceuticals: Pharmaceuticals
.
inorganic focussing
Keybanc Capital Markets advised
Lubrizol on the transaction. I have been very pleased with the performance
of the
Business and the strength of the management team over the past 21 months of
Lubrizol's
ownership," said James Hambrick, Lubrizol's chairman, president and
CEO.Albemarle to Raise Prices
of Brominated Fine Chemicals
45 USD/kg
"The price increases reflect the rising market
value of the bromine
inherent in these products, as well as the need to achieve an acceptable
return
on production assets and to cover major increases in the costs of
energy, raw materials, transportation
, and regulatory compliance," said Jan De
Tavernier, Albemarle's business manager for Fine Chemistry
Services in Europe.Rockwood Holdings Inc. Announces Fourth Quarter 2005 and Year End Conference Call
and Webcast
Rockwood does not undertake any obligation to publicly update any forward-
looking
statement to reflect events or circumstances after the date on which
any such statement is made or
to reflect the occurrence of unanticipated
events.intermediates explosives
The Business consists of a fine chemicals
group, a specialty polymers and
additives group and a performance materials group.
"This sale
will allow the food ingredients and industrial specialties
businesses to stand on their own and grow
through increased management focus,
capital investments and acquisitions., Rockwood Holdings, Inc
.marketplaces resins
suncappart.albemarle. Therefore, we do not
expect any material changes to our historic margins.
A PowerPoint file detailing the results also will be
available for download on the site.9 billion
in
2004 on a pro forma basis.additives diversified
The Business' products have
applications in the following markets:
food and beverage; personal care and
intermediates; textiles, paper, tires and industrial rubber;
and adhesives.20 Euro/kg
* Bromoform 8.com .m. Eastern Standard Time.
chemicals toiletries
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