July 30, 2016 8:33 PM ET


Company Overview of Rockwood Specialties Group Inc.

Company Overview

Rockwood Specialties Group, Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals and materials for industrial and commercial purposes. The company’s Specialty Chemicals segment develops and manufactures metal surface treatment products and services for the automotive, aerospace, and general industrial markets; lithium compounds and chemicals, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties and reagents; synthetic metal sulfides used in brake pads, clutch facings, and cutting and grinding wheels; cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyr...

7101 Muirkirk Road

Beltsville, MD 20705

United States

Founded in 2000



Key Executives for Rockwood Specialties Group Inc.

Chairman, Chief Executive Officer, Chairman of Rockwood Holdings Inc and Chief Executive Officer of Rockwood Holdings Inc
Age: 72
President and Chief Operating Officer
President of Color Pigments and Services
Age: 71
President of Timber Treatment Chemicals
Age: 69
Senior Vice President of Law & Administration, Director and Senior Vice President of Law & Administration of Rockwood Holdings
Age: 66
Compensation as of Fiscal Year 2016.

Rockwood Specialties Group Inc. Key Developments

Rockwood Specialties Group Inc. Announces Redemption of All Outstanding 4.625% Senior Notes Due 2020

Albemarle Corporation announced that Rockwood Specialties Group Inc. intends to redeem $1.25 billion of the 4.625% Senior Notes due 2020 (CUSIP No. 774477AJ2) issued by RSGI, representing all of the outstanding Notes. The Notes will be redeemed at a redemption price currently estimated to be 103.469% of the principal amount of the Notes, plus accrued and unpaid interest to the redemption date, which is expected to be on October 15, 2015. The Notes will be repaid with the proceeds of a new term loan credit facility. The Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured and unsubordinated basis by Albemarle Corporation and Rockwood Holdings Inc. The guarantees of the Notes and guarantees on other notes issued by Albemarle in 2014 will be released when the Notes are repaid. RSGI has instructed Wells Fargo Bank, National Association, as the trustee for the Notes, to distribute a Notice of Redemption to all registered holders of the Notes on September 15, 2015. The Notes will be repaid with the proceeds of a new term loan credit facility, comprised of a 364-day term loan facility in an aggregate principal amount of $300 million and a five-year term loan facility in an aggregate amount of $950 million. The interest rates on the 364-Day Facility and the Five-Year Facility will be LIBOR plus 1.000% to 1.875% depending upon Albemarle's public long-term, unsecured, senior, non-credit enhanced debt ratings. The initial interest rate on both facilities is expected to be LIBOR plus 1.375%.

Albemarle Corporation Announces Commencement of Consent Solicitation for Rockwood Specialties Group Inc.'s Note

Albemarle Corporation announced the commencement of a consent solicitation relating to the 4.625% Senior Notes due 2020 which were issued by Rockwood Specialties Group Inc. and are guaranteed by Albemarle. As of January 16, 2015, there was $1,249,340,000 aggregate principal amount of Notes outstanding. The consent solicitation will expire at 5:00 p.m., New York City time, on January 28, 2015, unless extended or earlier terminated. It is subject to the terms and conditions set forth in the consent solicitation statement, dated January 20, 2015, including receipt of consents from holders of at least a majority in principal amount of the outstanding Notes. Subject to the terms and conditions of the consent solicitation, the Companies are offering to pay each holder who validly delivers (and does not validly revoke) its consent prior to the Expiration Date a cash payment of $2.50 per $1,000 aggregate principal amount of Notes consented. The companies will not be obligated to make any payments if the consent solicitation is terminated for any reason before the expiration date, the requisite consents are not obtained prior to the expiration date or if the other conditions to the consent solicitation are not satisfied or waived.

Similar Private Companies By Industry

Company Name Region
10x Technology LLC United States
20/20 Custom Molded Plastics,Ltd. United States
21st Century Plastics Corporation United States
2N2, Inc. United States
6062 Holdings, LLC United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Rockwood Specialties Group Inc., please visit www.rockwoodspecialties.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.