June 2023
The Sale and Purchase Agreement for the purchase of Functional Forms, the SABIC business unit that specialises in polycarbonate-based films and sheets, was signed by Röhm, a multinational producer of methacrylate.
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Advent International, a global private equity firm, supports Röhm, which had previously declared its plan to buy the unit in December 2022. The acquisition is a significant step towards our goal of becoming the premier global producer of transparent, high-quality films and sheets using a variety of materials, according to Michael Pack, CEO of Röhm. Our clients will now have instant access to top-tier PLEXIGLAS / ACRYLITE and LEXAN products as well as unmatched technical and application knowledge.
One of the best quality and most adaptable acrylic products available worldwide is represented by Röhm's PLEXIGLAS / ACRYLITE trademark. Röhm's leading position in transparent sheets is further strengthened by the acquisition of Functional Forms from SABIC, which also enhances the company's position in films and transportation.
October 2023
A deal has been reached between Lummus Technology and Air Liquide Engineering & Construction to obtain the rights to licence and market ester grade acrylic acid technology as well as light and heavy acrylates process technology. Lummus Technology is a global provider of process technologies and value-driven energy solutions. With this expansion, Lummus can now offer its customers more choices between upstream and downstream operations for propylene production and derivative products.
The acquired technology produces the lowest carbon footprint in the industry and lowers capital requirements while converting propylene into ester grade acrylic acid. Â
List of Key Players in the Glycidyl Methacrylate Market
- Mitsubishi Gas Chemical Company, Inc
- Evonik Industries
- Wuhan Sincere-star Chemical Co., Ltd
- Estron Chemicals
- Lianyungang Ningkang Chemical Co., Ltd
- Sumitomo Chemicals