Rockwood Holdings Plans to Sell Ceramic Materials Unit

Bloomberg reported that the world’s largest lithium products producer, Rockwood Holdings Inc., is considering the sale of a ceramic materials unit CeramTec, which gives the company an annual revenue of $550 million.

As quoted in the market news:

CeramTec may be valued at about $1 billion based on the average multiple paid in ceramic products deals in North America and western Europe in the last five years.

Click here to read the full Bloomberg report.