Rohm and Haas to Acquire Polymer Dispersions Division Of OY Forcit AB
Rohm and Haas said it expects to complete the transaction after obtaining all appropriate regulatory approvals. - This acquisition is a solid, firm and positive step forward toward helping Rohm and Haas achieve its Vision 2010 goals. We expect the FINNDISP division to contribute sales in the range of 40-50 million euro in 2008 - Fernandez concludes.
In November, Rohm and Haas outlined extensive plans to increase sales to more than $11 billion, in part through a sharper focus on its Paint and Coatings Materials business.
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 everyday, around the world. Based in Philadelphia, PA, the company generated annual sales of approximately $8.2 billion in 2006.
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.
Forcit is Finland`s leading manufacturer of explosives and polymer dispersions as well as a provider of consultancy and training in the field. Forcit`s total turnover in 2006 amounted to 72 million euros, of which exports accounted for around 39 percent. The Group comprises Oy Finnrock Ab, OOO Finndisp, and Frans Lundelin Oy. The Group employs a total of around 270 people.