MIAMI, Feb. 19, 2015 (GLOBE NEWSWIRE) -- Platform Specialty Products Corporation (NYSE:PAH) ("Platform"), a global, diversified specialty chemicals company, announced today that its subsidiary, MacDermid, Incorporated ("MacDermid"), settled a litigation in which MacDermid was the plaintiff, and Cookson Group plc, Enthone Inc., Cookson Electronics and David North were defendants (collectively, the "Defendants"). The litigation related to certain corporate activities that occurred between MacDermid and the Defendants in 2006 and 2007. The Defendants paid MacDermid an aggregate settlement of $25 million.
Platform is a global producer of high-technology specialty chemicals and provider of technical services. The business involves the manufacture of a broad range of specialty chemicals, created by blending raw materials, and the incorporation of these chemicals into multi-step technological processes. These specialty chemicals and processes are sold into multiple industries including agricultural, electronics, graphic arts, metal and plastic plating, and offshore oil production and drilling. More information on Platform is available at www.platformspecialtyproducts.com.
CONTACT: Source/Investor Relations Contact: Benjamin H. Gliklich Vice President, Corporate Development, Finance and Investor Relations Platform Specialty Products Corporation +1-561-406-8465 Media Contacts: Liz Cohen Weber Shandwick +1-212-445-8044 Kelly Gawlik Weber Shandwick +1-212-445-8368
Source:Platform Specialty Products Corporation