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Rohm and Haas Completes Acquisition of Polymer Dispersions Division of OY Forcit AB

04 Apr 2008 - Rohm and Haas Company completed the acquisition of FINNDISP, the polymer dispersions division of OY Forcit AB for EUR 60 million (approximately US$85 million).
 
FINNDISP, based in Hanko, Finland, makes water-based emulsions used in the manufacture of paints and coatings, lacquers and adhesives. Their portfolio includes low-temperature, high performance products specifically designed for use in Northern Europe and the Commonwealth of Independent States. The acquisition also includes two plants - one in Hanko, and another under construction in Ramenskoye, Russia, near Moscow. These will become a part of a network of more than 30 plants worldwide that provide consistently high quality products tailored to meet local and regional needs.
 
Rohm and Haas says it intends to expand the capabilities of the Ramenskoye plant so that it can make a broader range of products, including acrylic emulsions and polyacrylic acid dispersions used in detergent and industrial applications. The expanded facility plant should be fully operational during the second half of 2009.