The Dow Chemical Company and Rohm and Haas Company announced today that they have completed the sale of Rohm and Haas Company’s agricultural business to Dow Chemical for approximately U.S. $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, 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 U.S. $3 billion annually.
Products acquired through this acquisition include the fungicide Dithane, the herbicide Goal and the MAC family of insecticides, including Confirm, Mimic and Intrepid.
"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," says A. Charles Fischer, President and CEO of Dow AgroSciences. "The new product lines we’ve acquired complement and enhance our portfolio and increase our global scale and reach, allowing us to better serve our customers."
For more information, visit Dow’s website at www.dow.com