# Röhm agrees to acquire SABIC's Functional Forms business

Röhm has agreed to acquire SABIC's Functional Forms business, which manufactures polycarbonate sheets and films under the LEXAN brand. The transaction is expected to close in the first half of 2024.

- Type: Acquisition
- Announced: 2022-12-01
- Jobs: 1,500
- Status: announced
- Products: polycarbonate sheets, polycarbonate films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Advent International](https://endata.com/companies/430.md) (investor)
- [SABIC](https://endata.com/companies/3200.md) (target)
- [RÖHM Group](https://endata.com/companies/18449.md) (acquirer)
- [Saudi Basic Industries Corp.](https://endata.com/companies/40075.md) (target)

## Sources

- [roehm.com](https://www.roehm.com/en/detail/rohm-agrees-to-acquire-functional-forms-business-from-sabic), 2022-12-07: "Röhm, one of the leading manufacturers in the methacrylate business, has agreed to acquire the Functional Forms business of SABIC, subject to customary consultation with the respective works councils and approval of the antitrust authorities."
- [brazilianplastics.com](http://www.brazilianplastics.com/edicao00/05_2023.html), 2023-01-08: "Röhm, one of the leading manufacturers in the methacrylate business, has agreed to acquire the Functional Forms business of SABIC, subject to customary consultation with the respective works councils and approval of the antitrust authorities."
- [roehm.com](https://www.roehm.com/en/detail/rohm-to-form-a-leading-global-player-for-advanced-film-and-sheet-products-polyvantis), 2023-11-21: "For the first time, customers will be able to obtain superior products, including PLEXIGLAS / ACRYLITE, LEXAN films and sheets from a single source."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.