Röhm agrees to acquire Functional Forms business from SABIC
- LEXAN™ is an ideal complement to the acrylic glass brands PLEXIGLAS®/ACRYLITE® creating a global leader in transparent sheets and films segment
- Transaction is expected to close in the first half of 2024
Röhm, one of the leading manufacturers in the methacrylate business, has agreed to acquire the Functional Forms business of SABIC, subject to customary consultation with the respective works councils and approval of the antitrust authorities. Röhm thereby adds Polycarbonate sheets and films to its existing range of PMMA sheets and films, further expanding its leading positions as a value-added partner for its customers across a wide range of applications.
“We are very excited to have found a strong partner with whom we can grow together,” explains Röhm’s CEO Michael Pack. “By adding the Polycarbonate Resin extrusion business to our portfolio, we will sustainably strengthen our competitiveness in our sheets and films business. With the combined competencies – in sales and in the development of materials, products and applications – we will become a better business partner for our customers.”
Ronald Ayles, Managing Partner at Advent International, adds: “This is a unique opportunity for Röhm to build a global leader in this attractive segment and we are very happy to be able to back our portfolio company in executing this transformative acquisition”.
The Functional Forms business is a leading global manufacturer offering a broad portfolio of high-quality polycarbonate film and sheet products, predominantly marketed through the strong LEXAN™ brand which is globally recognized as one of the leading brands in its segment. Functional Forms has an extensive global presence with about 700 employees, operations in 19 countries and through various production sites strategically located across all continents.
The new combined business will have sales of more than € 700m, command a strong operational global footprint across 14 production sites and benefit from its complementary activities in similar but distinct markets: both, Röhm and SABIC’s Functional Forms business, manufacture high-quality sheet and film products that are used across a wide variety of industries, ranging from building and construction, consumer electronics, medicine to aviation. The acquisition is a key cornerstone of Röhm’s strategy to develop its transparent semi-finished products business into a leading global multi-polymer company. The strong brand LEXAN™ is an ideal complement to the acrylic glass brand PLEXIGLAS® (in the Americas under the registered trademark ACRYLITE®).
Consultation with applicable works councils and unions in Europe is expected to be finalized in the upcoming months. Subject to regulatory approvals, and completion of the carve-out of the business from the rest of SABIC’s operations, the transaction is expected to close in the first half of 2024.
关于罗姆
罗姆是全球领先的甲基丙烯酸酯化学品生产商之一,致力于为汽车、建筑和医疗技术行业等快速增长的市场提供产品。我们在遍布全球的生产基地制造MERACRYL®甲基丙烯酸酯类单体和宝克力®聚甲基丙烯酸甲酯(PMMA)模塑料,服务于全球各大市场。我们的产品品质优越,广泛应用于油漆、涂料、汽车尾灯、医疗产品、飞机舷窗、家用电器显示屏和道路标线等多个领域。
罗姆全球约2,900名员工是我们成功的基石。我们的生产和研发基地遍布欧洲、北美和中国,具备领先的专业技术和知识,可因地制宜,为客户创造更多的附加价值。
罗姆PMMA(聚甲基丙烯酸甲酯)产品以宝克力®和PLEXIMID®宝米德®为商标在欧洲、亚洲、非洲和澳洲销售,以ACRYLITE®和ACRYMID®为商标在美洲销售。
访问我们的官网,了解罗姆的全球布局:www.roehm.com
联系方式:
Dr. Maren Otte
Head of Corporate Communications
Röhm GmbH
Deutsche-Telekom-Allee 9
64295 Darmstadt
P +49 173 3258758
Maren.Otte@roehm.com
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