Rockwood Holdings Inc. recently announced it completed the previously announced sale of its Titanium Dioxide Pigments and four other, non-strategic businesses to Huntsman Corp. for an enterprise value of $1.275 billion, including the assumption of $225 million in pension obligations.

The businesses being sold include Titanium Dioxide Pigments, Color Pigments & Services, Timber Treatment Chemicals, Rubber/Thermoplastics Compounding, and Water Chemistry. Rockwood reportedly received net cash proceeds of $950 million, which is subject to certain potential post-closing adjustments.

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