Osaka-based Nippon Paint Company (NPC) will purchase the majority of ROHM and Haas Company’s (ROH) Automotive Coatings business – the wholly-owned Rohm and Haas business in North America and Rohm and Haas’ 50% share of the existing joint ventures with NPC.
Go deeper with GlobalData
The JVs include Morton Nippon Coatings (MNC) in North America and Nippon Bee Chemical (NBC) in Japan and other Asian countries. Rohm and Haas had acquired these businesses through the acquisition of Morton International in 1999.
Established in 1981, Nippon Paint is one of the largest paint companies in Japan and also is a substantial player in the global automotive body paint market with strong ties to Toyota, Honda and Mazda.
“This transaction enables NPC to further enhance and expand its automotive coatings business by combining the automotive body coatings business and the plastic coatings business under a single global strategy,” said NPC president Makoto Matsuura. “This will improve customer satisfaction through customer relationship reinforcement, higher product quality and manufacturing efficiency.”
The businesses being acquired collectively have leading positions in the global automotive plastic paint market, especially in North America, Japan, China, Taiwan and Korea.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe predecessor company to the Rohm and Haas business, Bee Chemical, was originally founded in Chicago in 1945 and has been collaborating with NPC since the 1960s with the first joint venture established in Japan in 1971.
“We anticipate great success by combining NPC’s strong global relationships and tradition of innovation in the automotive industry with Bee’s expertise in the plastic paint market,” said Koichi Kimoto, executive director and general manager, corporate planning, research and development international for NPC. “This transaction will allow us to create additional business opportunities, expand our current business and strengthen our overall competitiveness.”
