Rockwood Holdings, Inc., looking to divest their advanced ceramics business group, CeramTec, contacted Antea Group for a strategic and accelerated evaluation of the EHS status at each of their 18 facilities across 10 countries. CeramTec manufactures high-performance ceramic materials that serve automotive, electronics, industrial and medical end-markets.
Due to the global scope and aggressive schedule of the project, Antea Group engaged eight (8) Inogen Associates and Global Net Members to help complete the environmental assessments and compliance audits in Brazil, China, Czech Republic, Germany, Malaysia, Mexico, Poland, South Korea, United Kingdom and United States
Each Associate brought the necessary local expertise and regulatory knowledge to identify EHS issues of material impact to asset value. At project completion, facility-specific reports were combined into one summary report that served as a turn-key document used by Rockwood's legal teams and prospective buyers
In June, Rockwood announced its CeramTec sale agreement with Cinven, a European private equity firm for €1.49 Billion. The transaction is expected to close third quarter 2013
"This transaction fits into Rockwood's long term strategy to create shareholder value. The people at CeramTec have been extremely successful in managing this business and they are ready for this next step in their growth," says Mike Piacentino, Director of Environment, Safety and Risk Management, Rockwood Specialties. "The safety and environmental aspects of this transaction went smoothly due in part to Antea Group's responsiveness in organizing the global teams to execute the project. Rockwood likes to move quickly, but speed must be coupled with accuracy and completeness. Antea Group was successful in providing us with quality reports that were extremely useful to the process within a tight timeline.
"Rockwood has been a great partner client of Antea Group for over 24 years," says Gary Wisniewski, CEO Antea Group USA. "We are proud to be their go-to resource for globaltransaction support solutions and to be able to provide them with such efficient and seamless service through Inogen Environmental Alliance."
Since project completion, Rockwood has awarded Antea Group a similar potential divestment project in Germany as a result of the responsiveness and high quality of work performed.
About Rockwood Holdings, Inc.Rockwood Holdings, Inc. (NYSE: ROC) is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 10,300 people and annual net sales of approximately $3.5 billion in 2012. Rockwood focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.