Ceramic Industry

Almatis to be Acquired by DIC (posted 11/2/07)

November 2, 2007

Almatis recently announced that Dubai International Capital LLC (DIC) has agreed to acquire the company from its current owners, Rhône Capital and Ontario Teachers Pension Plan. DIC will be working closely with the existing Almatis management team to further support its global growth strategy.

Martin Laudenbach, chief executive of Almatis, said, “We are excited about Dubai International Capital’s decision to invest in Almatis. After almost four years of highly successful growth under the ownership of Rhône Capital and Ontario Teachers Pension Plan, DIC’s decision marks the beginning of the next phase in the development of Almatis. The support and commitment of DIC will allow us to continue our successful growth strategy, significantly expanding our global capacity, moving into emerging markets and providing our customers with high-performance alumina specialties around the world.”

Visit www.almatis.com for more information. DIC’s website is located at www.dubaiic.com.