Business News • MarketWire • Rockwood Announces the Acquisition of Gulfstream Processing Services, Inc. |
Rockwood Announces the Acquisition of Gulfstream Processing Services, Inc. |
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Rockwood Announces the Acquisition of Gulfstream Processing Services, Inc.
BOCA RATON, FL--(Marketwire - March 29, 2011) - Rockwood National Corp. (PINKSHEETS: RNTL), ("Rockwood") announced today that it has closed on the acquisition of Gulfstream Processing Services, Inc., ("Gulfstream"), an attorney-driven, multi-state loss mitigation services provider. In exchange for the 100% ownership interest in Gulfstream, Rockwood issued US$200,000 in capital stock pro rata to the shareholders of Gulfstream at closing, and will pay an additional performance earn out to Gulfstream based on net profitability over the next 2 years. The total value of the transaction is a minimum US$1,000,000.
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