POLYVANTIS will be a new industry leading global player in the acrylics and polycarbonate film and sheet industry, formed as a result of the merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business. POLYVANTIS will offer products such as films, sheets, pipes and rods and will serve a multitude of segments, including building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
In December 2022, Röhm signed an agreement to acquire SABIC’s Functional Forms Division for polycarbonate film and sheet products globally. The carve-out of Acrylic Products business from Röhm and of Functional Forms business from SABIC, and closing of the deal with SABIC is expected around Q2‘24, subject to obtaining customary regulatory approvals.
“For the first time, customers will be able to obtain superior products, including PLEXIGLAS®/ ACRYLITE®, LEXANTM films and sheets from a single source. This merger will allow the two businesses to achieve more together than they could ever do alone, and we are committed to accelerate growth further. POLYVANTIS will combine the innovative strength and technological expertise of both business units and create holistic solutions for customers worldwide,” says Ronald Ayles, Managing Partner at the financial sponsor Advent International.
The press release stated that long-term license agreements have been concluded with both Röhm and SABIC for the respective brands in their segment. The PLEXIGLAS® / ACRYLITE® molding compounds business will remain at Röhm as the polycarbonate LEXANTM resin business will remain with SABIC.
“The name POLYVANTIS reflects the aspiration to become a leading multi-material supplier of film and sheet products with a strong market presence,” said Michael Pack, CEO, Röhm. The name “POLYVANTIS” combines the Greek prefix “Poly”, meaning “many”, with the Italian “avanti” or the French “avant”, both of which mean “forward”. This reflects the diversity of products and the pursuit of progress in the field of polymers and related materials.
“POLYVANTIS will remain closely associated with Röhm and SABIC thanks to the shared brands and long-term agreements. We look forward to the future partnership and are convinced that new market opportunities will open up for POLYVANTIS”, added Pack.
