The Dow Chemical Company has completed its acquisition of Rohm and Haas. The deal will create a US$14 billion diversified business portfolio, which will be called Dow's Advanced Materials division. The division is intended to achieve US$3 billion in additional value growth opportunities, as well as annual cost synergies of US$1.3 billion. Rohm and Haas is the key element in Dow's new Advanced Materials division. Pierre Brondeau has been named president and CEO of this division, which includes Coatings, Building and Construction, Specialty Materials, Adhesives and Functional Polymers, and Electronic Materials.
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