Rockwood Holdings shareholders approve sale to Albemarle

Eric Strauss//November 14, 2014//

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Louisiana-based Albemarle Corporation and Princeton-based Rockwood Holdings Inc. announced Friday that their respective shareholders had approved Albemarle’s acquisition of Rockwood for approximately $6.2 billion.RELATED: Princeton chemicals maker sold for $6.2B to Louisiana firm

Both specialty chemicals companies held special shareholder meetings Friday at which the votes were held.

Albemarle shareholders approved issuance of common stock related to the merger, while Rockwood shareholders approved the agreement and a merger plan under which Rockwood will become an Albemarle subsidiary.

“I want to give my appreciation and thanks to our shareholders for their continued support and Rockwood’s employees for all their hard work and focus as we move closer to completing this transaction,” Robert J. Zatta, Rockwood’s CEO, said in a prepared statement.

“We are very excited about the portfolio combination of these complementary global leading businesses, which we expect will deliver outstanding benefits and growth potential for employees, customers and shareholders of both companies for many years to come.”

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