Rockwood Holdings Inc. (NYSE: ROC), Princeton, NJ, has completed and closed the sale of the AlphaGary plastic compounding business to Mexichem S.A.B.de C.V. for $300 million in cash.
AlphaGary, which comprised Rockwood’s Specialty Compounds segment, had $224.6 in net sales for the 12 months ended Sept. 30, 2010.
Rockwood expects to use the proceeds of the sale to reduce debt.
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