Rockwood to Pay C$724 Million for Talison Lithium

Rockwood Holdings Inc. (NYSE:ROC) announced that it has agreed to purchase Talison Lithium Ltd. (TSX:TLH) for about C$724 million using existing cash and new debt financing.

Seifi Ghasemi, Rockwood’s chairman and CEO, commented:

The acquisition of Talison is the logical next step in further strengthening our lithium business and enhancing our capabilities. This acquisition will enable us to better serve both our existing global customers as well as Talison’s current lithium concentrate customers in China and the rest of the world.

Click here to read the full Rockwood Holdings Inc. (NYSE:ROC) press release.