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KKR Launches Rockwood Specialties Inc.


Following its acquisition of the pigments, additives, plastics compounding, water technology, timber treatment and electronics operations from Laporte plc., Kohlberg Kravis Roberts & Co., L.P. (KKR), New York, NY, has announced the formation of a new specialty chemical company.
Operating under the name  Rockwood Specialties Inc., the new company will be headquartered in Princeton, NJ and will be directed by newly appointed president, Michael J. Kenny. Mr. Kenny formerly served as divisional chairman and a director of Laporte. The management team formerly employed by Laporte will remain with Rockwood Specialties.