Degussa: More Time Needed on Antitrust Examination of Sale of dmc² to OM Group
04-Jul-2001
More time is required for the antitrust proceedings being conducted by the Federal Trade
Commission (FTC) of Washington, D.C., on the sale of dmc² to the OM Group, Inc., of
Cleveland/Ohio. This is because the FTC is simultaneously examining the possible effects of
OM Group's intended resale of dmc² activities to Ferro Corp. Completion of the antitrust
proceeding can presumably be expected in about 60 to 90 days.
Degussa AG of Duesseldorf, Germany, sold dmc² to the strategic investor OM Group for
EUR 1.2 billion in late April.
dmc² is a globally operating manufacturer of complex functional materials in the catalysis
and metallochemistry areas, and also supplies powders and pastes made of precious
metals, base metals and ceramic materials. In fiscal 2000, the corporation, which employs
some 5,500 people all over the world, generated sales of EUR 912 million (without precious
metal sales) or EUR 2,552 million (without precious metal trading), and achieved earnings
before interest and tax of EUR 110 million.
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