Rohm and Haas Sells European Automotive Coatings Business
The
business manufactures a comprehensive range of automotive coatings, with a
focus on interior water-based products, which are supplied to high-end OEMs. In
addition, it also produces specialty coatings with applications in the general
industrial and optical media markets. The business had sales of $25 million in
2006 and sales of $7 million in first quarter 2007. Financial terms of the
transaction were not disclosed.
This transaction completes Rohm and Haas Company’s divestiture of its
Automotive Coatings business, which started with the sale of its Automotive
Coatings operations in North America and the Asia Pacific region in 2006.