Dow Acquires Rohm and Haas Company's Ag Chemicals Business.(Brief Article)
Arbor Age, July, 2001 by Filippo, Mike San
The Dow Chemical Co. and Rohm and Haas Co. announced the sale of Rohm and Haas's agricultural business to Dow Chemical for approximately $1 billion, including working capital. The acquisition will be integrated into Dow AgroSciences LLC, a wholly owned subsidiary of Dow.
Under terms of the agreement, Dow AgroSciences acquired Rohm and Haas's Agricultural Chemicals business, including fungicides, insecticides, herbicides as well as other product lines, trademarks, and license to all agricultural uses of the Rohm and Haas biotechnology assets. With this acquisition, Dow AgroSciences' annual sales are expected to grow to approximately $3 billion annually.
"We are very pleased with this acquisition, which is consistent with our overall growth strategy of...
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