OM Group acquires electronics business of Rockwood Holdings for $315 million
Clients OM Group, Inc.
Jones Day advised OM Group, Inc., in its $315 million acquisition of the electronics business of Rockwood Holdings, Inc., excluding its French entity. Rockwood's French electronic chemicals business is subject to a put option for an additional purchase price of approximately $50 million.
The businesses supply customers with chemicals used in the manufacture of semiconductors and printed circuit boards, as well as photo-imaging masks primarily for semiconductor and photovoltaic manufacturers. In addition to M&A representation, Jones Day provided employee benefits, environmental, labor, and real estate advice regarding this transaction.