Announced
Financials
Sources
Tags
Private Equity
Friendly
chemical manufacturing
Private
Cross Border
Single Bidder
Specialty Chemicals
Saudi Arabia
Acquisition
Majority
Pending
Synopsis
Advent-backed Röhm, a manufacturer in the methacrylate business, agreed to acquire functional forms business of SABIC, a Saudi chemical manufacturing company. Financial terms were not disclosed. “We are very excited to have found a strong partner with whom we can grow together. 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,” Michael Pack, Röhm CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.