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American Rohm and Haas Company was founded in 1909 and its head office is in Philadelphia, Pennsylvania. The Rohm and Haas Company, which integrates research, production, and operation of fine chemicals, is the largest fine chemical company in the United States and one of the world's largest suppliers of acrylic series products. It has more than 100 facilities in 25 countries around the world. Home production plants and research institutes sell their products in more than 100 countries. The company provides specialty materials products for the construction, electronics, personal care, packaging, transportation and pharmaceutical industries. Due to the explosive growth of consumer electronics in recent years, the electronic materials industry has grown rapidly.
It is reported that on April 1, 2009, Dow Chemical Co. completed a deal to acquire Rohm & Haas Co., a competitor, for US$16.3 billion on Wednesday. Dow Chemical plans to raise funds. To ease the debt burden caused by this transaction.
Dow plans to exercise the option to allow Haas Family Trusts to make additional investments of $500 million in Dow Chemicals' stocks to ensure that Dow Chemical can pay off its transitional loans by the end of this year as expected. Dow said that Rohm and Haas will become an important part of its new branch of Advanced Materials, which will cover coatings, construction and specialty materials, adhesives, polymers, and electronic materials. Dow hopes that it can achieve $3 billion. The added value and cost synergies of $1.3 billion.
Rohm and Haas sued by fertilizer maker K&S
According to reports, Dow Chemical's Rohm & Haas Company was sued by chemical fertilizer manufacturer K&S, who claimed to pay Rohm and Haas's Morton Salt department excessive prices and should be awarded Refund.