Rohm And Haas Acquires Chemetall's Rubber-To-Metal Bonding Business
Chemetall's Megum business includes the development, production and distribution of rubber-to-metal bonding agents used for the production of vibration absorption modules. These bonding agents are primarily used in the automotive industry. In business year 2000/2001, the Megum business reported sales in the two-digit million Euro range.
``With this acquisition we become the company offering the most complete product line and the broadest geographic reach in rubber-to-metal bonding agents,'' said Nick Gutwein, Vice President and Global Business Director of the Adhesives and Sealants Business.
The Megum rubber-to-metal bonding business in Germany, including employees and laboratories, will be integrated into the transportation unit of Rohm and Haas's Adhesives and Sealants business. ``The combination of the Megum product line with our existing Thixon(TM) rubber-to-metal bonding agents will make us more valuable to our automotive and industrial customers,'' said Frank Bozich, General Manager Europe for the Adhesives and Sealants business.
Those Chemetall employees affected by the transaction will transfer to Rohm and Haas. Megum customers can expect the same full service quality they enjoyed with Chemetall.
Rohm and Haas will continue to operate Megum laboratory facilities for development and technical support at Chemetall's headquarters in Frankfurt. This ensures that Megum customers will benefit from the knowledge exchange with Chemetall's surface treatment division in the future.
World-wide concentration in the automotive supplier industry was a factor behind this acquisition. The integration of Chemetall's Megum activities into Rohm and Haas's own adhesives business will provide Rohm and Haas with production and laboratory sites in the US, Germany and France, and will strengthen Rohm and Haas's position as the second ranked leader in the world adhesives market.
Chemetall is among the worldwide leaders in metal pre-treatment and surface technology. The company is also the world leader in lithium chemistry and a global player in additional niches of fine chemistry and special polymer compounds. Chemetall has about 50 subsidiaries and 30 production sites worldwide. In the financial year 1999/2000 the group recorded sales of 776 Million Euro. Chemetall is a subsidiary of Dynamit Nobel AG, Troisdorf, within the group of mg technologies ag, Frankfurt.
Rohm and Haas is one of the world's leading specialty chemical companies with sales revenues of more than $6 billion and more than 100 research and manufacturing sites in over 25 countries. Its chemistry is found in paint and coatings, adhesives and sealants, construction materials, personal computers and electronic components, household cleaning products, as well as thousands of other everyday products.
Rohm and Haas Adhesives and Sealants business, with annual sales of approximately $700 million, is a world-class supplier of formulated adhesives, coatings and polymers for adhesives and sealants. It serves the Packaging, Converting, Transportation, Construction, and Pressure Sensitive Adhesives industries.
More information is available at the company 's website www.rohmhaas.com
SOURCE: Rohm and Haas Company