Stout was engaged by Albemarle Corporation to provide valuation services designed to assist management in addressing certain financial reporting requirements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations (FASB ASC 805) and Topic 820, Fair Value Measurement (FASB ASC 820), in connection with its acquisition of 100% of the outstanding stock of Rockwood Holdings, Inc. Albemarle Corporation is a large publicly traded company that develops, manufactures, and markets engineered specialty chemicals worldwide. Rockwood Holdings, Inc. develops, manufactures, and markets various specialty chemicals for industrial and commercial applications primarily in Germany, the United States, and Europe. We played a critical role in assisting management with their financial reporting requirements under ASC 805 and ASC 820. The acquisition, which brought together two of the world's leading specialty chemicals producers with strong market positions, provided Albemarle Corporation with a broader customer reach, increased diversity across end markets, technologies and geographies and more consistent and predictable earnings growth.