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BASF Set to Buy Rohm and Haas Coatings Business.
BASF Coatings AG (Muenster, Germany) plans to acquire the industrial coatings business of Rohm and Haas Co. (Philadelphia) for a reported $175 million. The acquisition, which would add to BASF's stock of coil-coating holdings, is subject to approval by international authorities.
Last September, BASF acquired the coil-coatings business of Norsk Hydro ASA (Oslo, Norway). Company officials say that industrial coatings accounted for about 20% of BASF'S total global coatings sales in 1999.
Coil coating is a continuous process in which special coating materials are applied with rollers to steel or aluminum coils at very high speeds. After curing, the coated metal …
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