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Rockwood Holdings Completes Sale of Plastic Compounding Business

Rockwood Holdings Inc. (NYSE: ROC), Princeton, NJ, has completed and closed the sale of the AlphaGary plastic compounding business to Mexichem 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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