Watch the Latest Example of How Private Equity is at Work
Today Private Equity at Work launched its latest video success story highlighting how private equity lifted Rockwood Holdings, Inc. the largest global producer of lithium and lithium compounds used in lithium-ion batteries for smartphones, tablets, laptops and alternative transportation. Watch the full video by clicking here.
Rockwood’s partnership with Kohlberg Kravis Roberts has enabled the lithium producer to take on ambitious projects needed to meet the growing demand for alternative and hybrid electric vehicles. The centerpiece of Rockwood’s expansion is a state-of-the art lithium hydroxide plant in Kings Mountain, N.C. that will produce high purity lithium hydroxide for the advanced transportation batteries used in plug-in electric vehicles.
Investment Highlights:
- Under private equity ownership, Rockwood has grown fivefold, making more than 20 acquisitions.
- The company is currently building a new lithium hydroxide plant in Kings Mountain, N.C.; the world’s largest surface treatment chemical plant in Blackman Township, M.I.; and the first new iron oxide pigment plant in the U.S. in 35 years in Augusta, G.A.
- In addition, the new Global Technical Center for Lithium at Kings Mountain, N.C. will fuel innovation by bringing together engineers and scientists to perfect and commercialize compounds to be used in advanced transportation batteries.
- These expansions will create hundreds of new manufacturing jobs. Rockwood currently employs more than 9,500 people worldwide.
