EX-99.1
2
a07-1371_2ex99d1.htm
EX-99
Exhibit
99.1
NEWS RELEASE
Rohm and Haas Wood Biocides and Rockwood's CSI
Subsidiary
Commence Operations of Viance,
Joint Venture to Serve the Wood
Treatment Industry
Philadelphia, PA,/Princeton, NJ, January 4, 2007 -
Rohm and Haas Company and Chemical Specialties, Inc. (CSI), a wholly owned
subsidiary of Rockwood Holdings, Inc., today announced they have completed the
formation of Viance, LLC, a joint venture company that will provide an
extensive range of advanced wood treatment technologies and services to the
global wood treatment industry.
Viance,
jointly owned by CSI and Rohm and Haas, is headquartered in Charlotte, NC. The
new company brings together the wood biocides business of Rohm and Haas and the
wood protection chemicals business of CSI. The combination of these businesses
enables Viance to provide expanded product development programs, marketing,
sales and comprehensive services to the wood treatment market.
Steve
Ainscough, President and CEO of Viance, said the new company takes advantage of
significant growth potential in the development
and commercialization of new products for the wood treatment industry. "Viance
is in a unique position to combine the technologies and expertise of CSI and
Rohm and Haas to provide advanced products and services. We have an exciting pipeline of innovative
products and, later this year, plan to introduce next generation preservatives
that have been through more than 10 years of field testing".
"Our
customers can expect new, advanced technologies and a broader portfolio of
products with proven performance to meet their wood treatment needs. This will
enable our customers to deliver wood products that provide long-lasting
protection and improved long-term appearance at cost competitive levels
required by retailers and the end consumer", says Ainscough.
Viance
commences operations with the combined strengths of CSI and Rohm and Haas's
wood biocides business, including: a vast knowledge of wood science and the wood
treatment industry, a proven track record for providing extensively- tested
treatment solutions, unparalleled technical support, a broad portfolio of
active ingredients, formulations expertise, extensive applications and
regulatory experience, as well as access to global manufacturing and research
facilities. Ainscough adds, "This is a
winning combination for Viance and the wood treatment industry".
# #
#
Forward Looking Statements
Rockwood Holdings, Inc.
The information set forth in this press release contains certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 concerning the business, operations and financial condition of Rockwood
Holdings, Inc., its subsidiaries and affiliates ("Rockwood"). Words such as "anticipates,"
"believes", "estimates", "expects", "forecasts", "predicts" and variations of
such words or expressions are intended to identify forward-looking statements.
Although Rockwood believes the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, there can be no assurance
that its expectations will be realized. "Forward-looking statements" consist of
all non-historical information, including the statements referring to the
prospects and future performance of Rockwood. Actual results could differ
materially from those projected in Rockwood's forward-looking statements due to
numerous known and unknown risks and uncertainties, including, among other
things, the "Risk Factors" described in Rockwood's securities filings with the
Securities and Exchange Commission, including its Annual Report on Form
10-K. Rockwood does not undertake any
obligation to publicly update any forward-looking statement to reflect events
or circumstances after the date on which any such statement is made or to
reflect the occurrence of unanticipated events.
2
Rohm and Haas Company
This release includes
forward-looking statements. Actual results could vary materially, due to
changes in current expectations. The forward-looking statements contained in
this announcement concerning the formation of a joint venture company, demand
for products and services, sales and earnings forecasts, and actions that may
be taken to improve financial performance, involve risks and uncertainties and
are subject to change based on various factors, including the cost of raw
materials, natural gas, and other energy sources, and the ability to achieve
price increases to offset such cost increases, development of operational
efficiencies, changes in foreign currencies, changes in interest rates, the
continued timely development and acceptance of new products and services, the
impact of competitive products and pricing and the impact of tax and other
legislation and regulation in the jurisdictions in which the company operates.
Further information about these risks can be found in the company's SEC 10-K
filing of March 2, 2006.
Company Contacts
Investor Relations
Media Relations
For Rockwood
For CSI/Rockwood:
Timothy McKenna
Camille Dager
InvestorRelations@rocksp.com
Camille@hbmadv.com
609-734-6430
215-440-9800
For Rohm and
Haas:
For Rohm and Haas:
Gary O'Brien
Shari Samuels
GOBrien@rohmhaas.com
SSamuels@rohmhaas.com
1-215-592-3409
215-619-5457
About
Viance
Viance, LLC, is a
leading supplier of wood treatment technology and preservative formulations to
companies that produce a wide range of high-quality treated wood products. Viance provides advanced solutions that improve
wood and make it last.
About Rockwood
Rockwood Holdings, Inc.
(NYSE: ROC) is a leading global specialty chemicals and advanced materials
company. Rockwood has a worldwide employee base of approximately 10,800 people
and net sales of $3.1 billion in 2005. The company focuses on global niche
segments of the specialty chemicals and advanced materials markets, including
specialty chemicals, performance additives, titanium dioxide pigments, advanced
ceramics, custom synthesis, specialty compounds and electronics. For more
information on Rockwood, please visit www.rocksp.com.
About Rohm and Haas Company
Leading the way since
1909, Rohm and Haas is a global pioneer in the creation and development of
innovative technologies and solutions for the specialty materials industry. The
company's technologies are found in a wide range of markets including:
3
Building and
Construction, Electronics, Food and Retail, Household and Personal Care,
Industrial Process, Packaging, Paper, Transportation and Water. Rohm and Haas'
innovative technologies and solutions help to improve life everyday, around the
world. Based in Philadelphia, PA, the company generated annual sales of
approximately $8 billion in 2005. Visit www.rohmhaas.com for more information.
imagine the possibilities™
Rohm and Haas and Microbial Control
Rohm and Haas is a global
leader in microbial control solutions used for a variety of processes,
substrates and products, including paints and coatings, building and
construction materials, plastics, water treatment, metalworking fluids, and
mineral processing as well as preservatives for household and personal care
applications. For more than 30 years, Rohm and Haas has applied its extensive
technical know-how to solve microbial challenges around the world. Rohm and
Haas' broad portfolio of products offers innovative, practical and
environmentally-sound solutions for today's needs and the future.
4

EX - 99 . 1 2 a07 - 1371 _ 2ex99d1 . htm EX - 99 Exhibit 99 . 1 NEWS RELEASE Rohm and Haas Wood Biocides and Rockwood 's CSI Subsidiary Commence Operations of Viance , Joint Venture to Serve the Wood Treatment Industry Philadelphia , PA , / Princeton , NJ , January 4 , 2007 - Rohm and Haas Company and Chemical Specialties , Inc . ( CSI ) , a wholly owned subsidiary of Rockwood Holdings , Inc . , today announced they have completed the formation of Viance , LLC , a joint venture company that will provide an extensive range of advanced wood treatment technologies and services to the global wood treatment industry . Viance , jointly owned by CSI and Rohm and Haas , is headquartered in Charlotte , NC . The new company brings together the wood biocides business of Rohm and Haas and the wood protection chemicals business of CSI . The combination of these businesses enables Viance to provide expanded product development programs , marketing , sales and comprehensive services to the wood treatment market . Steve Ainscough , President and CEO of Viance , said the new company takes advantage of significant growth potential in the development and commercialization of new products for the wood treatment industry . " Viance is in a unique position to combine the technologies and expertise of CSI and Rohm and Haas to provide advanced products and services . We have an exciting pipeline of innovative products and , later this year , plan to introduce next generation preservatives that have been through more than 10 years of field testing " . " Our customers can expect new , advanced technologies and a broader portfolio of products with proven performance to meet their wood treatment needs . This will enable our customers to deliver wood products that provide long - lasting protection and improved long - term appearance at cost competitive levels required by retailers and the end consumer " , says Ainscough . Viance commences operations with the combined strengths of CSI and Rohm and Haas 's wood biocides business , including : a vast knowledge of wood science and the wood treatment industry , a proven track record for providing extensively - tested treatment solutions , unparalleled technical support , a broad portfolio of active ingredients , formulations expertise , extensive applications and regulatory experience , as well as access to global manufacturing and research facilities . Ainscough adds , " This is a winning combination for Viance and the wood treatment industry " . # # # Forward Looking Statements Rockwood Holdings , Inc . The information set forth in this press release contains certain " forward - looking statements " within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business , operations and financial condition of Rockwood Holdings , Inc . , its subsidiaries and affiliates ( " Rockwood " ) . Words such as " anticipates , " " believes " , " estimates " , " expects " , " forecasts " , " predicts " and variations of such words or expressions are intended to identify forward - looking statements . Although Rockwood believes the expectations reflected in such forward - looking statements are based upon reasonable assumptions , there can be no assurance that its expectations will be realized . " Forward - looking statements " consist of all non - historical information , including the statements referring to the prospects and future performance of Rockwood . Actual results could differ materially from those projected in Rockwood 's forward - looking statements due to numerous known and unknown risks and uncertainties , including , among other things , the " Risk Factors " described in Rockwood 's securities filings with the Securities and Exchange Commission , including its Annual Report on Form 10 - K . Rockwood does not undertake any obligation to publicly update any forward - looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events . 2 Rohm and Haas Company This release includes forward - looking statements . Actual results could vary materially , due to changes in current expectations . The forward - looking statements contained in this announcement concerning the formation of a joint venture company , demand for products and services , sales and earnings forecasts , and actions that may be taken to improve financial performance , involve risks and uncertainties and are subject to change based on various factors , including the cost of raw materials , natural gas , and other energy sources , and the ability to achieve price increases to offset such cost increases , development of operational efficiencies , changes in foreign currencies , changes in interest rates , the continued timely development and acceptance of new products and services , the impact of competitive products and pricing and the impact of tax and other legislation and regulation in the jurisdictions in which the company operates . Further information about these risks can be found in the company 's SEC 10 - K filing of March 2 , 2006 . Company Contacts Investor Relations Media Relations For Rockwood For CSI / Rockwood : Timothy McKenna Camille Dager InvestorRelations@rocksp.com Camille@hbmadv.com 609 - 734 - 6430 215 - 440 - 9800 For Rohm and Haas : For Rohm and Haas : Gary O'Brien Shari Samuels GOBrien@rohmhaas.com SSamuels@rohmhaas.com 1 - 215 - 592 - 3409 215 - 619 - 5457 About Viance Viance , LLC , is a leading supplier of wood treatment technology and preservative formulations to companies that produce a wide range of high - quality treated wood products . Viance provides advanced solutions that improve wood and make it last . About Rockwood Rockwood Holdings , Inc . ( NYSE : ROC ) is a leading global specialty chemicals and advanced materials company . Rockwood has a worldwide employee base of approximately 10,800 people and net sales of $ 3.1 billion in 2005 . The company focuses on global niche segments of the specialty chemicals and advanced materials markets , including specialty chemicals , performance additives , titanium dioxide pigments , advanced ceramics , custom synthesis , specialty compounds and electronics . For more information on Rockwood , please visit www.rocksp.com . About Rohm and Haas Company Leading the way since 1909 , Rohm and Haas is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry . The company 's technologies are found in a wide range of markets including : 3 Building and Construction , Electronics , Food and Retail , Household and Personal Care , Industrial Process , Packaging , Paper , Transportation and Water . Rohm and Haas ' innovative technologies and solutions help to improve life everyday , around the world . Based in Philadelphia , PA , the company generated annual sales of approximately $ 8 billion in 2005 . Visit www.rohmhaas.com for more information . imagine the possibilities ™ Rohm and Haas and Microbial Control Rohm and Haas is a global leader in microbial control solutions used for a variety of processes , substrates and products , including paints and coatings , building and construction materials , plastics , water treatment , metalworking fluids , and mineral processing as well as preservatives for household and personal care applications . For more than 30 years , Rohm and Haas has applied its extensive technical know - how to solve microbial challenges around the world . Rohm and Haas ' broad portfolio of products offers innovative , practical and environmentally - sound solutions for today 's needs and the future . 4