Innovating Plastics
    Innovating Plastics Innovating Plastics
    • Home
    • Brands
    • Favorites
    • Share your news for free!
    Innovating Plastics
    Home » Röhm to form a leading global player for advanced film and sheet products – polyvantis

    0

    Log in to save your favorites

    Röhm to form a leading global player for advanced film and sheet products – polyvantis

    POLYVANTIS will be a new industry leading global player in the acrylics and polycarbonate film and sheet industry, formed as a result of the merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business. POLYVANTIS will offer products such as films, sheets, pipes & rods and will serve a multitude of segments, including building & construction, transportation & aviation, electrical & electronics, automotive and home & garden. POLYVANTIS’ global organization with sales of ca. $700m will have a workforce of about 1,500 employees and 16 production sites across the Americas, Europe, Asia, and Africa.

    In December 2022, Röhm signed an agreement to acquire SABIC’s Functional Forms Division for polycarbonate film and sheet products globally. The carve-out of Acrylic Products business from Röhm and of Functional Forms business from SABIC, and closing of the deal with SABIC is expected around Q2‘24, subject to obtaining customary regulatory approvals.

    “For the first time, customers will be able to obtain superior products, including PLEXIGLAS® / ACRYLITE®, LEXAN™ films and sheets from a single source. This merger will allow the two businesses to achieve more together than they could ever do alone, and we are committed to accelerate growth further. POLYVANTIS will combine the innovative strength and technological expertise of both business units and create holistic solutions for customers worldwide,” says Ronald Ayles, Managing Partner at the financial sponsor Advent International.

    Long-term license agreements have been concluded with both Röhm and SABIC for the respective brands in their segment. The PLEXIGLAS® / ACRYLITE® molding compounds business will remain at Röhm as the polycarbonate LEXAN™ resin business will remain with SABIC.

    “The name POLYVANTIS reflects the aspiration to become a leading multi-material supplier of film and sheet products with a strong market presence,” says Michael Pack, CEO of Röhm. The name “POLYVANTIS” combines the Greek prefix “Poly”, meaning “many”, with the Italian “avanti” or the French “avant”, both of which mean “forward”. This reflects the diversity of products and the pursuit of progress in the field of polymers and related materials.

    “POLYVANTIS will remain closely associated with Röhm and SABIC thanks to the shared brands and long-term agreements. We look forward to the future partnership and are convinced that new market opportunities will open up for POLYVANTIS”, says Pack.

    Share:

    Unknown

    Have you read these articles yet?

    Sustainable yogurt pots: rPET makes it possible

    16 January 2025

    New research highlights marine biodegradability of Eastman Aventa™ compostable materials

    15 January 2025

    Noracare rubber floors recognized with gold Cradle to Cradle Certified® certification.

    19 February 2024

    CARBIOS and De Smet Engineers & Contractors enter engineering partnership for construction of world’s first PET biorecycling plant

    19 February 2024

    ELIX Polymers chemically recycled products with up to 100% sustainable feedstocks

    12 February 2024

    Wanna stay up-to-date?
    Subscribe to our free newsletter.

    Innovating Plastics

    Innnovating Plastics provides you with daily news about innovation and sustainability in the field of plastics.

    • About us
    • Share your news
    • Advertising
    • About us
    • Share your news
    • Advertising

    © 2023 innovatingplastics.com

    • Follow us in LinkedIn

    Type above and press Enter to search. Press Esc to cancel.