Rockwood Completes Split of Chemetall GmbH into Two Separate Legal Entities
Rockwood Holdings, Inc. announced that its subsidiary, Chemetall GmbH has completed the formal legal split of its operations into two independent legal entities.
Chemetall GmbH will remain the legal entity and brand name for the surface treatment business. The lithium and special metals business, already doing business under the brand name Rockwood Lithium, will be renamed Rockwood Lithium GmbH.
Commenting on this, Rockwood Chairman and CEO Seifi Ghasemi said, “By splitting these two different businesses into independent companies we are better positioned to focus on their individual strengths. With the rapidly expanding markets for lithium ion batteries and metal organic chemicals, and on the other hand for advanced metal surface treatment chemicals, we will better be able to successfully focus in these markets. Both companies will lead their industries in sophisticated products, high level customer service and sustainable production to satisfy customer needs.”
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