Rohm and Haas to Sell European Auto Coatings Business to Mader
FRANKFURT,
Germany - Rohm and Haas Company has signed a definitive agreement to sell its
European Automotive Coatings business, Frankfurt, Germany, including its
manufacturing site in Strullendorf, Germany, to the Mader Group, a leading
independent manufacturer of high-tech industrial paints and coatings based in
Lille, France, with operations throughout Europe. The transaction is expected
to close later this year.
This transaction completes Rohm and Haas Company’s divestiture of its Automotive Coatings business.
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