Rohm & Haas becomes Dow Advanced Materials Division
The Dow Chemical Company has completed its acquisition of Rohm and Haas. Combining the two organisations’ technologies, geographic reach and market channels will create a $14 billion diversified business portfolio, which will be called Dow’s Advanced Materials division. The division is expected to achieve $3 billion in additional value growth opportunities, as well as annual cost synergies of $1.3 billion.
“The closing of this transaction strongly positions Dow for the future by transforming our business portfolio,” said Dow chairman and CEO, Andrew Liveris. “Our first critical task is to ensure a seamless integration of Rohm and Haas that maximizes the synergies and opportunities offered by this transaction.”
Pierre Brondeau has been named president and CEO of the new division, which includes: coatings, building and construction, specialty materials, adhesives and functional polymers, and electronic materials.
