UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report(Date of earliest event reported) June 1, 2001
ALBEMARLE CORPORATION
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(Exact name of registrant as specified in charter)
Virginia 1-12658 54-1692118
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
330 South Fourth Street, P. O. Box 1335, Richmond, Virginia 23218
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code - (804)788-6000
Former name or former address, if changed since last report - N/A
Item 5. Other Events and Regulation FD Disclosures.
On June 1, 2001, Albemarle Corporation issued the Press Release attached as
Exhibit 99 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit
Number
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99 Press Release of Albemarle Corporation dated June 1, 2001.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto authorized.
Date: June 5, 2001 Albemarle Corporation
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By: s/ Robert G. Kirchhoefer
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Robert G. Kirchhoefer
Treasurer & Chief Accounting
Officer
Exhibit 99
Albemarle Completes Acquisition of Martinswerk GmbH
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Richmond, Virginia, June 1, 2001 -- Albemarle Corporation (NYSE:ALB),
through its wholly-owned subsidiary Albemarle Deutschland GmbH, has completed
the acquisition of Martinswerk GmbH, including manufacturing facilities and
headquarters in Bergheim, Germany, and Martinswerk's 50% stake in Magnifin
Magnesia Produkte GmbH, which has manufacturing facilities at
St.Jakobs/Breitenau, Austria.
Martinswerk produces mineral-based flame retardants for the plastics and
rubber markets, brightening pigments for high-quality paper applications and
specialty aluminum oxides for polishing, catalyst and niche ceramic
applications. Magnifin produces high-purity magnesium hydroxide flame retardant
products used in applications requiring higher processing temperatures. In 2000,
Martinswerk had annual sales of about $100 million in three businesses.
Floyd D. Gottwald, Jr., chief executive officer of Albemarle, said: "We are
very excited about this acquisition. During its long history, Martinswerk has
established a reputation for superior quality, customer service and innovation.
Albemarle will augment this tradition with our own broad product portfolio and
global reach."
Mark C. Rohr, president and chief operating officer, said: "As a leader in
flame retardants and polymer additives, Albemarle now supplies a unique, broad
range of options to its global customer base for fire safety systems. The
addition of alumina trihydrate and magnesium hydroxide flame retardants from
this acquisition complements Albemarle's current offerings of bromine-and
phosphorus-based products. In addition, we're also very excited about the
opportunities Martinswerk offers us to expand our catalyst and paper chemicals
businesses."
A global leader of specialty and fine chemicals that enhance consumer
products, Albemarle Corporation serves markets for polymers, surfactants and
biocides, pharmaceuticals, agricultural chemicals, photographic chemicals, water
treatment and petroleum products.
Albemarle Cautionary Note on Forward Looking Statements
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Some of the information contained in this release constitutes forward
looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Although Albemarle Corporation believes its expectations are
based on reasonable assumptions within the bounds of its knowledge of its
business and operations, there can be no assurance that actual results will not
differ materially from its expectations. Factors which could cause actual
results to differ from expectations include, without limitation, the timing of
orders received from customers, the gain or loss of significant customers,
competition from other manufacturers, changes in demand for the Company's
products, increases in the cost of the product, changes in the market in
general, fluctuations in foreign currencies and significant changes in new
product introduction resulting in an increase in capital project requests and
approvals leading to capital spending.
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