Rohm and Haas Acquires Flexible Packaging Adhesives Business From Benjamin Moore

05-Nov-2001

Rohm and Haas Company (NYSE: ROH) announced today the acquisition of the flexible packaging adhesives business of Technical coatings Co., a subsidiary of Benjamin Moore & Co. of New Jersey. The transaction price was not disclosed.

Technical Coatings’ flexible packaging adhesives business includes the development, production and distribution of a full line of cold seal adhesives, marketed under the Coseal® trademark. The primary application of such adhesives is in flexible packaging, used mainly in the food and medical industries. The Coseal® brand of cold seal adhesives is widely recognized by flexible packaging manufacturers in North America.

“This bolt-on acquisition gives us a position in the fast growing cold seal market. It is a critical addition to our portfolio, in line with our goal to be a total solutions provider to packaging converters," said Nick Gutwein, Vice President and Global Business Director of the Adhesives and Sealants Business. "No other adhesives company can offer such a broad range of technologies in adhesives, coatings, and resins for the flexible packaging industry as we do," Gutwein added.

The Technical Coatings flexible packaging adhesives business will be integrated into the Packaging and Converting strategic business unit (SBU) of the Rohm and Haas Adhesives and Sealants business.

"The addition of this business will strengthen Rohm and Haas Company’s ability to meet customers’ needs, reinforce our position with our key converter customers in North America, and further complement our global cold seal offering," said Mark Douglas, General Manager, North America for the Adhesives and Sealants business. "Customers who purchase Coseal® products will also benefit from the know-how exchange with our other flexible packaging products lines," he added.

Rohm and Haas will provide production, development and technical support for Coseal® cold seal products from Rohm and Haas facilities. These facilities include the Midwest Technical Center in Woodstock, Illinois, and a premier adhesives manufacturing site in Ringwood, Illinois.

https://www.chemeurope.com/en/news/5729/rohm-and-haas-acquires-flexible-packaging-adhesives-business-from-benjamin-moore.html