Roehm and SABIC officially establish new company

Author: OrderPlastics

2024-05-06

On May 1st, ROEHM Chemical announced that its acrylic products business unit would separate from the ROEHM Group and appear on the market as an independent company, POLYVANTIS. With its high-quality portfolio of PLEXIGLAS semi-finished products such as sheets, tubes, rods and films, the division is one of the world's leading producers of polymethylmethacrylate (PMMA).

POLYVANTIS was formed from the merger of ROEHM Chemical's acrylic products business unit and SABIC's polycarbonate film and sheet unit Functional Forms. In December 2022, Rohm signed an acquisition agreement with SABIC to acquire SABIC's polycarbonate film sheet business.

New company: POLYVANTIS

POLYVANTIS will become a global leader in the acrylic and polycarbonate film and sheet industry, offering films, sheets, tubes and rods, and serving multiple market segments including Building & Construction, Transportation & Aerospace, Electrical & Electronics, Automotive and Home & Garden.

POLYVANTIS's polymethyl methacrylate (PMMA) semi-finished products are sold in Europe, Asia, Africa and Australia under the registered trademark PLEXIGLAS; they are sold in the Americas under the registered trademark ACRYLITE.

The new company has three production bases in the Americas, Europe, and Africa.

The name "POLYVANTIS" reflects the company's desire to become a leading multi-material supplier of film and sheet products with strong market presence, said Michael Pack, CEO of ROEHM.

The name "POLYVANTIS" is a combination of the Greek prefix "Poly" (meaning "many") and the Italian prefix "avanti" (meaning "forward") or the French prefix "avant" (meaning "forward") . This reflects the company's product diversity and ongoing pursuit of advancement in polymers and related materials.

Sign a long-term cooperation agreement

The establishment of the new company can be traced back to December 7th, 2022. On that day, Rohm Chemical signed an agreement and announced that it would acquire SABIC’s PC film sheet business. Through this acquisition, Roehm will expand its existing polyethylene Based on the methyl acrylate (PMMA) sheet and film business, the polycarbonate (PC) sheet and film business has been added. For details, please see: A major business of SABIC is about to be acquired!

This time, due to the establishment of the new company POLYVANTIS, ROEHM Chemical and SABIC signed a long-term licensing agreement for brands in their respective fields: the polymethyl methacrylate molding compound business will continue to be handled by ROEHM, while the polycarbonate business will continue Responsible for SABIC.

POLYVANTIS will maintain close ties with Roehm and SABIC due to the shared brand and long-term agreement.

“For the first time, customers will be able to obtain high-quality products, including polymethylmethacrylate, polycarbonate film and sheet, from a single source. This merger will enable both companies to achieve more than they could alone, and we are committed to further Accelerating growth. POLYVANTIS will combine the innovative strength and technical expertise of both business units to create holistic solutions for clients around the world," said Ronald Ayles, managing partner of financial sponsor Advent International.

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