Rohm and Haas provides speciality chemicals for end use markets such as building and construction, electronic devices, packaging, household and personal care products. It had sales of around $9.6bn and around 15,490 employees (2008).
Rohm and Haas operate approximately 100 research, manufacturing and customer service sites in 27 countries around the world. It has headquarters in Philadelphia, US.
Dow Chemical completes its $78/share takeover of Rohm and Hass
In May 2009, Dow Chemical created a new coatings segment with its Rohm and Haas acquisition. The new Dow Coating Materials (DCM) segment includes Dow Coating Solutions and Rohm and Haas Paint and Coating Materials. For more on this please see: US Dow creates coatings subsidiary with Rohm and Haas deal on ICIS news.
In April 2009, Dow Chemical completed its $78/share takeover of Rohm and Haas. The acquired business will be called ‘Advanced Materials Division’ and will be headed by Pierre Brondeau.
Rohm and Haas stock will cease trading.
In addition, Dow will sell the following businesses to comply with US antimonopoly regulators:
An acrylic monomer plant in Clear Lake, Texas.
Acrylic polymer operations in St Charles, Louisiana.
An acrylic polymer plant in Alsip, Illinois.
An acrylic polymer plant in Torrance, California.
An acrylic monomer research-and-development group in South Charleston, West Virginia.
An acrylic latex polymer research-and-development group in Cary, North Carolina.
In March 2009, Dow Chemical said it would buy Rohm and Haas for $78/share (€61.62/share) as part of a settlement reached by both the mentioned companies. Dow had a 1 April 2009 deadline to close the deal.
On 26 January 2009, Rohm and Haas said in a statement that Dow Chemical did not intend to close its proposed $18.8bn (€14.5bn) acquisition of Rohm and Haas before the Tuesday 27 January deadline.
Also in January 2009, the US Federal Trade Commission (FTC) approved Dow Chemical's merger with Rohm and Haas. Under an agreement reached with the FTC, Dow said it would sell several assets, including its acrylic monomer, hollow sphere particle and acrylic latex polymer businesses.
In October 2008, shareholders of Rohm and Haas voted in favour of its merger with Dow Chemical.
After merging with Dow, Rohm and Haas will retain its name and its headquarters in Philadelphia, Pennsylvania. In addition, Dow will contribute several of its specialty chemicals segments to Rohm and Haas.
In addition, Dow Chemical will set up a new Rohm and Haas advanced materials division. The division will have six business groups, to be headed by top executives from both companies.
Dow announced the merger on 10 July 2008. (Please go to ICIS news for more information).
Rohm and Haas is organised into three business groups:
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Primary Materials - makes acrylate and methacrylate building block monomers for both internal use and external sale. It also supplies global household and industrial market needs for polyacrylic acid dispersants, opacifiers and rheology modifiers/thickeners.
Paint and Coatings Materials - makes binders and additives for the global paint and coatings industries. Its products are used to make architectural paints used by DIY consumers and professional contractors, as well as industrial materials for industrial coatings, home insulation and floor care products.
Packaging and Building Materials - provides adhesive and plastic additives technology used in consumer, industrial and automotive applications. Differentiating products are also offered for use in the textile, graphic arts, nonwovens, paper and leather markets.
Process Chemicals - manufactures ion exchange resins used to purify drinking water, juices, antibiotics and pharmaceuticals and to make the sweeteners used in most soft drinks; it also creates reductive technology used in bleaching agents, and purification chemistry that removes contaminants from personal care and household products.
AgroFresh - was founded in 1999 and deals in reducing the negative effects that ethylene can have on fruit, vegetable and flower quality as well as crop development, through its 1-MCP technologies.
CMP Technologies and Microelectronic Technologies - specialises in photoresist technology used to replicate tiny circuitry patterns on integrated circuits and semiconductor chips; it also provides chemical mechanical planarisation (CMP) technology used to polish delicate circuitry and semiconductor wafers.
Circuit Board Technologies - develops and delivers the technology, materials and fabrication services for increasingly powerful, high-density printed wiring boards in computers, cell phones, automobiles and many other electronic devises today.
Packaging and Finishing Technologies - develops and delivers materials and processes that boost the performance of a diverse range of electronic, optoelectronic and industrial packaging and finishing applications.
Rohm and Haas also has two stand alone businesses:
Powder Coatings - offers a full range of thermoset and thermoplastic powder coatings used for consumer goods as far ranging as backyard grills, kitchen cabinetry, office furniture, automotive parts and industrial shelving.
One out of every two cans of salt purchased in the US bears the image of the Morton Salt umbrella girl and the familiar slogan, when it rains, it pours. This business also encompasses the leading table salt brand in Canada, Windsor Salt. Salt's product offerings extend well beyond the consumer market to include salts used for food processing, agriculture, water conditioning, highway ice control and industrial processing applications.
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Rohm and Haas will implement its “Vision 2010” strategy to strengthen its ability to deliver sustained, long-term results, focused on five areas: portfolio, emerging markets, innovation, operational excellence and global talent. (Edited from annual report and company website). ICIS also provides you with key financial data listed in table form.
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