Rockwood to Acquire Kemira’s 39% interest in Sachtleben TiO2 JV

  Rockwood to Acquire Kemira’s 39% interest in Sachtleben TiO2 JV

Business Wire

PRINCETON, N.J. -- February 14, 2013

Rockwood Holdings, Inc. (NYSE: ROC) announced today that it has entered into
an agreement to purchase Kemira Oyj’s 39% interest in Sachtleben, the titanium
dioxide (“TiO2”) business joint venture of the parties, for EUR 97.5 million.
This transaction is expected to close no later than February 19, 2013.

“Given our prior statements that the titanium dioxide business is non-core, it
is our key objective this year to explore and execute on the best strategic
option for Rockwood. Attaining 100% ownership of the joint venture provides us
with the flexibility to achieve this goal in the time frame and manner most
optimal for maximizing shareholder value,” said Seifi Ghasemi, Chairman and
Chief Executive Officer.

Titanium Dioxide Business

Sachtleben is a leading producer of high quality, specialty grade titanium
dioxide, serving a wide variety of customers in the synthetic fibers,
plastics, paints, packaging inks, coatings, cosmetics, pharmaceuticals, food,
catalyst and paper industries. Sachtleben’s principal products include TiO2 in
anatase grade, TiO2 in rutile grade and titanium specialties. This business
line also provides recycling services for sulfuric waste acid.

Sachtleben, in September 2008, was formed as a joint venture combining
Rockwood’s titanium dioxide pigments and functional additives business and
Kemira’s titanium dioxide business. Further, in July 2012, Sachtleben acquired
certain business assets, primarily inventory and other production assets, of
crenox GmbH, a German titanium dioxide producer from the insolvency
administrator, bringing total capacity of the business from the three
production plants to approximately 340,000 metric tons.

Rockwood Holdings, Inc. is a leading global inorganic specialty chemicals and
advanced materials company. Rockwood has a worldwide employee base of
approximately 10,300 people and annual net sales of approximately $3.7 billion
in 2011. The company focuses on global niche segments of the specialty
chemicals, pigments and additives and advanced materials markets. For more
information on Rockwood, please visit www.rocksp.com.

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. and its subsidiaries and
affiliates ("Rockwood"). Words such as "anticipates," "believes," "estimates,"
"expects," "forecasts," "predicts" and variations of such words or expressions
are intended to identify forward-looking statements. 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. "Forward-looking statements" consist of all
non-historical information, including any statements referring to the
prospects and future performance of Rockwood. 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 periodic reports on file
with the Securities and Exchange Commission. 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.

Contact:

Rockwood Holdings, Inc.
Nahla Azmy, 609-524-1109
nazmy@rocksp.com
 
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