Dow Closes Rohm and Haas Ag Chemicals Business Acquisition

Under terms of the agreement, Dow AgroSciences acquired Rohm and Haas's Agricultural Chemicals business, including fungicides, insecticides, herbicides, 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 adding value through mergers, acquisitions, alliances and our own R&D efforts," said A. Charles Fischer, president and CEO of Dow AgroSciences.

"The agricultural chemicals business has a long and proud history with Rohm and Haas and has contributed substantially to our company," said Raj Gupta, Rohm and Haas Company’s chairman and CEO. "However, as we reshape our portfolio and continually focus on profitable growth, it is clear our ag chemicals business and employees will flourish more as part of a global firm with a stronger market presence. Dow AgroSciences is a leader in the crop protection industry, and can ensure the vitality of the business in the marketplace."

Products acquired through this acquisition include the fungicide Dithane™, the herbicide Goal™ and the MAC family of insecticides, including Confirm™, Mimic™ and Intrepid™.

As part of the agreement, Dow will also acquire the agricultural business components of Rohm and Haas's manufacturing sites in Jacarei, Brazil; Barranquilla, Colombia; Lauterbourg, France; and Mozzanica, Italy; the Rohm and Haas share of the Nantong, China joint venture, as well as assets owned by Rohm and Haas in Muscatine, Iowa. The Philadelphia, Pa. plant's Agricultural Chemicals operations will become a toll manufacturing site for Dow AgroSciences, and Dow Agrosciences will own the plant assets associated with the manufacture of agricultural products at that site.