Cinven Closes Buy of CeramTec for $1.96 Bln

Rockwood Holdings said it has completed the sale of CeramTec to Cinven. The purchase price is EUR 1.49 billion (US$1.96 billion), subject to customary adjustments. Rockwood said it received net cash proceeds of over USD 1.75 billion, net of all transaction adjustments, fees and taxes. CeramTec, of Plochingen, Germany, produces high performance advanced ceramics materials and products.

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