22.06.2023 • NewsRöhmSABICpolycarbonate

Röhm Seals Functional Forms Deal with SABIC

German PMMA specialist Röhm has signed a final agreement to acquire SABIC’s Functional form business, which makes high-end polycarbonate film and sheet.

Röhm is stemming the acquisition announced last December with support from its owner, private equity firm Advent International.

At the time, the Darmstadt-based company said the deal, for which financial terms have not been disclosed, was key to its strategy to advance its transparent semi-finished products business into a leading multi-polymer global player.

In future, CEO Michael Pack said, the company’s customers will be able to buy Röhm’s leading transparent PMMA brands Plexiglas and Acrylite as well as SABIC’s Lexan polycarbonate products from one supplier, while profiting from “unparalleled” technical and application expertise.

© Shutterstock/XXL Photo
© Shutterstock/XXL Photo

Adding the Lexan business – acquired by the Saudi group in the 2007 buyout of GE Plastics – not only further strengthens Röhm's leading position in transparent sheets, but also boosts its position in films and transportation, Pack said.

The Functional Form products are used across a wide variety of industries, ranging from building and construction to consumer electronics, medicine and aviation. The Saudi-owned business has some 700 employees and operations in 19 countries.

Author: Dede Williams, Freelance Journalist

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.