New book by Larry Connors Click here Improve your trading - See how
Rockwood Holdings is a North American manufacturer and marketer of branded swimming pool, spa and surface water treatment chemicals. Advantis includes the Pool & Spa division, which manufactures and markets non-chlorine based specialty chemicals, and the Surface Water division, which manufactures a range of products and provides services for controlling algae and nuisance aquatic vegetation in lakes, ponds, reservoirs, irrigation and drainage canals.
Advantis employs approximately 160 people and it generated sales of $71 million and EBITDA of $12 million in 2007.
The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close early in the fourth quarter of 2008. Arch Chemicals expects the transaction to be cash and earnings accretive in the first year. The acquisition is anticipated to result in pretax synergies of about $6 million per year from the integration and leveraging of Rockwood Holdings' water treatment chemicals business with the Arch Water Products business.
According to Arch Chemicals, Rockwood Holdings' water treatment chemicals business will greatly complement its existing capabilities in water treatment.
Commenting on the acquisition, Arch Chemicals' Chairman, President and CEO Michael Campbell said, "The Pool & Spa division expands and improves our participation in the specialty pool and spa dealer channel as well as with pool industry distributors, adding products and technologies that complement Arch's existing product portfolio. In addition, we are very excited to acquire Advantis' specialty formulations and technology, permitting us to supply additional product offerings to our mass retail customers. The Surface Water division supports our strategy of growing our non-residential water business."
In a separate press release, Rockwood Holdings noted that the sale of its pool and spa chemicals business is in line with its overall strategy of divesting. Rockwood Holdings said that Advantis is a much better fit for Arch Chemicals.
ROC is currently up 4.36% trading at $35.89 on a volume of 61,679 shares. ARJ is up 3.21% at $36.37 on a volume of 10,800 shares.
For comments and feedback: contact editorial@rttnews.com Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
