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Mergers & Acquisitions

Plexiglas business revives an old name

by Alexander H. Tullo
August 11, 2019 | APPEARED IN VOLUME 97, ISSUE 32

 

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Credit: Röhm

Röhm is the new name for the methacrylates business of Evonik Industries, which was just sold to the private equity firm Advent International for $3.4 billion. Röhm holds the Plexiglas polymethyl methacrylate trademark everywhere but the US, where it belongs to Arkema. Based in Darmstadt, Germany, Röhm had 2018 sales of $2.25 billion. The name honors the chemist Otto Röhm, who founded the business 85 years ago and cofounded Rohm and Haas.

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