This transaction completes Rohm and Haas Company’s divestiture of its Automotive Coatings business.
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.