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When two industry leaders come together, its time to celebrate. Click here for more info on the Borchers Acquisition. |
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Cost savings! Friendly to the environment! Working together! These are just a few of the advantages you get when two great companies work together for you! Click to learn more. |
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OM Group to Acquire Electronics Businesses from Rockwood Holdings, click to learn more. |
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OM Group to Acquire Borchers GmbH, click to learn more. |
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OM Group's Net Sales Up 55 Percent in the Third Quarter click to learn more. |
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OM Group Announces Strong Results for Second Quarter click to learn more. |
In another key step in implementing our long-range growth strategy, we have agreed to acquire all of Rockwood Holdings, Inc.’s Electronics business, excluding its French entity. The businesses supply customers with chemicals used in the manufacture of semiconductors and printed circuit boards as well as photo-imaging masks primarily for semiconductor and photovoltaic manufacturers.
These are attractive, profitable, cash-generating businesses that participate in high-growth markets and have a global asset base that will broaden our geographic footprint. Moreover, they fit precisely with our transformation strategy and match up well with our current portfolio. We view this as an enabling acquisition that will allow us to build on our existing Electronic Chemicals presence through other synergistic transactions over the next two to three years.
We expect the transaction, which is subject to standard closing conditions, to close by the end of 2007 and be accretive to earnings in 2008.
Our long-range growth strategy includes continued product innovation as well as tactical and strategic acquisitions. The strategy is part of a transformational process designed to deliver sustainable and profitable volume growth, drive consistent financial performance and build long-term shareholder value
To learn more about the Rockwood acquisition, click here.
OM Group, Inc. (NYSE: OMG) develops and produces value-added, metal-based specialty chemicals, powders and advanced materials. For more information, please click here.
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