Rohm and Haas Completes Acquisition of Polymer Dispersions Division of OY Forcit AB
Rohm and Haas Company (NYSE:ROH) said today it has completed the
acquisition of FINNDISP, the polymer dispersions division of OY Forcit
AB for EUR 60 million (approximately US$85 million).
FINNDISP, based in Hanko, Finland, makes water-based emulsions
used in the manufacture of paints and coatings, lacquers and
adhesives. Their portfolio includes low-temperature, high performance
products specifically designed for use in Northern Europe and the
Commonwealth of Independent States. The acquisition also includes two
plants - one in Hanko, and another under construction in Ramenskoye,
Russia, near Moscow. These will become a part of a network of more
than 30 plants worldwide that provide consistently high quality
products tailored to meet local and regional needs.
Rohm and Haas says it intends to expand the capabilities of the
Ramenskoye plant so that it can make a broader range of products,
including acrylic emulsions and polyacrylic acid dispersions used in
detergent and industrial applications. The expanded facility plant
should be fully operational during the second half of 2009.
Luis Fernandez, Vice President and Group Business Director for
Rohm and Haas´s EUR 1.4 billion (US$2 billion) Paint and Coatings
Materials business, commented, "We are very excited about our future
together, and fully committed to serving both current and future
customer needs in this important part of the world." He said he is
most excited about the talented workforce that is joining Rohm and
Haas. "FINNDISP employees have developed significant expertise in
developing the right technology for their customers in a fast-growing
region. Over time, we will share that knowledge across our global
network while preserving the culture that brought them to where they
are today."
Gray Wirth, President of the company´s Europe, Middle East and
Africa Region, confirmed Fernandez´ observations about growth. "The
FINNDISP acquisition extends our reach in Nordic Countries and the
Commonwealth of Independent States. It also contributes to our
expanding manufacturing footprint in Eastern Europe, and our desire to
build a strong and diverse talent pool across the region. This
acquisition is further evidence of our commitment to this part of the
world."
To learn more about FINNDISP and its operations, please visit:
www.rohmhaas.com/finndisp.
About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas is a global pioneer in
the creation and development of innovative technologies and solutions
for the specialty materials industry. The company´s technologies are
found in a wide range of industries including: Building and
Construction, Electronics and Electronic Devices, Household Goods and
Personal Care, Packaging and Paper, Transportation, Pharmaceutical and
Medical, Water, Food and Food Related, and Industrial Process.
Innovative Rohm and Haas technologies and solutions help to improve
life every day, around the world. Based in Philadelphia, PA, the
company generated annual sales of approximately $8.9 billion in 2007.
Visit www.rohmhaas.com for more information. imagine the
possibilities(TM)
The company´s Paint and Coatings materials business is the world´s
leading supplier of materials used by the global coatings industry; no
competitor can offer this range of technology, along with the
capability to provide customized products in all four regions. It
includes acrylic emulsion binders and additives for decorative
architectural paints used by do-it-yourself consumers and professional
contractors. Industrial materials serve as the foundation for
industrial coatings, caulks and sealants, home insulation and floor
care products.