Advent-backed Röhm to acquire functional forms business of SABIC.

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.