Nippon Paint to Acquire Rohm and Haas Automotive Coatings
Nippon Paint Co., Ltd. (NPC) of Osaka, Japan announced plans to purchase the majority of Rohm and Haas Company’s (ROH) Automotive Coatings business. Specifically, NPC will purchase the wholly-owned Rohm and Haas business in North America and Rohm and Haas’ 50% share of the existing joint ventures with NPC. This includes Morton Nippon Coatings (MNC) in North America and Nippon Bee Chemical (NBC) in Japan and other Asian countries. Rohm and Haas had acquired these businesses through the acquisition of Morton International, Inc. in 1999.