Nippon Paint Acquires Rohm and Haas Automotive Coatings; Introduces NB Coatings
Nippon Paint Co., Ltd. (NPC), Osaka, Japan, has finalized its purchase of the majority of Rohm and Haas Company's (ROH) Automotive Coatings business, and will introduce NB Coatings, Inc., to serve North American customers.
NPC purchased the wholly owned Rohm and Haas business in North America and Rohm and Haas' 50 percent share of the companies' joint ventures, Morton Nippon Coatings (MNC) in North America and Nippon Bee Chemical (NBC) in Japan. The second joint venture, NBC, will remain under the same company name. This purchase and introduction of NB Coatings unites the decade-long partnering organizations under one strategy to create a leading position in the North American plastic automotive coatings market.