Posted in | News | Coatings and Thin Films | Automotive Materials

Rohm and Haas Sells Automotive Coatings Business to Nippon Paint

Oct 4 2006

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Rohm and Haas Company has finalized the sale of its Automotive Coatings business to Nippon Paint Co., Ltd. (NPC). The business was sold for $230 million, plus a working capital adjustment.

The sale involved the company's North American Automotive Coatings business (United States, Canada and Mexico) including the company's facilities based in Lansing, Illinois as well as its interests in two joint ventures with NPC.

"We are confident the new NB Coatings business will continue to provide exceptional products and services to the automotive coatings customers we served for many years and to the industry as a whole,' said Alan Barton, Business Group Executive for Rohm and Haas Coatings.

Philadelphia-based Rohm and Haas announced the sale of the business in August of this year.

http://www.rohmhaas.com/

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