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Business
Rohm and Haas sells paint arm
August 14, 2006
| A version of this story appeared in
Volume 84, Issue 33
Japan's Nippon Paint Co. will purchase the majority of Rohm and Haas's automotive coatings business for $230 million in cash. The deal includes Rohm and Haas's business in North America along with its 50% share of two joint ventures with Nippon. Rohm and Haas had acquired these businesses through its 1999 acquisition of Morton International. The transaction does not include Rohm and Haas's European automotive coatings business, which is also up for sale.
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