- Transaction expected to close in H1 2024, pending regulatory approvals and consultations.
- Röhm adds polycarbonate sheets and films to its PMMA range.
- Combined business will have sales over €700m and 14 production sites.
- Functional Forms has 700 employees and operations in 19 countries.
Acquisition Overview
Röhm, a leading methacrylate manufacturer, has agreed to acquire SABIC's Functional Forms business. This acquisition is subject to customary consultations with works councils and antitrust authority approvals. The transaction is expected to close in the first half of 2024.
Strategic Expansion
By acquiring the Functional Forms business, Röhm will add polycarbonate sheets and films to its existing PMMA product range. This move aims to strengthen Röhm's competitiveness and expand its market presence across various applications.
Operational Footprint
The combined business will generate sales exceeding €700 million and operate 14 production sites globally. Functional Forms employs around 700 people and has operations in 19 countries, enhancing Röhm's global reach.
Regulatory and Consultative Processes
Consultations with applicable works councils and unions in Europe are expected to conclude in the coming months. The transaction's completion is contingent on regulatory approvals and the successful carve-out of the business from SABIC's operations.
