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Nippon Paint To Acquire Rohm And Haas Automotive Coatings Business

Transaction will combine Nippon's plastic coatings and automotive body coatings operations

Nippon Paint Co., Ltd. (NPC), Osaka, Japan announced Monday that it will purchase the majority of Rohm and Haas Company's (ROH) Automotive Coatings business.

NPC will purchase the wholly-owned Rohm and Haas business in North America and Rohm and Haas' 50 percent 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.

"This transaction enables NPC to further enhance and expand its automotive coatings business by combining the automotive body coatings business and the plastic coatings business under a single global strategy," said Makoto Matsuura, NPC President. "This will improve customer satisfaction through customer relationship reinforcement, higher product quality and manufacturing efficiency."

The businesses being acquired collectively represent a leading position in the global automotive plastic paint market with strong positions in North America, Japan, China, Taiwan and Korea. The predecessor company to the Rohm and Haas business, Bee Chemical, was originally founded in Chicago in 1945 and has been collaborating with NPC in this market since the 1960's with the first joint venture established in Japan in 1971.