New Start for the Methacrylate Verbund of Evonik Industries
Röhm Becomes an Independent Company
Röhm GmbH successfully completed the carve-out from Evonik Industries. Evonik Industries’ Methacrylate Verbund is thus transferred to its new owner , Advent International, as an independent company. With revenues of EUR 1.9 billion (2018 figures) and innovative products, the company is one of the global market leaders in methacrylate chemicals. With the implementation of an innovative production technology for methyl methacrylate, Röhm GmbH is also targeting global technology leadership. The company has around 3900 employees worldwide across 15 production sites in Germany (Worms, Darmstadt, Weiterstadt, Wesseling, Hanau), China, the USA, Russia, and South Africa.
Long Story as Background
Otto Röhm, chemist and company founder, is regarded as the founder of methacrylate chemistry. With the development of the highly transparent multifunctional plastic Plexiglas some 85 years ago, he achieved his international breakthrough. Thanks to the chemical foundation Röhm laid, a comprehensive product portfolio for a wide range of applications could be developed. Today, the company supplies its products to numerous growth sectors, such as the automotive, electronics, and construction industries.
The self-confidence and a sense of optimism about beginning our new future are also reflected in the new logo and design of the Röhm brand.”
The strong starting position of the Methacrylate Verbund also convinced Advent International. The new owner is one of the world’s largest private equity firms. With more than 30 successfully completed transactions over the course of three decades, Advent International has extensive experience in the chemicals industry.
A Wide Product Range for Diverse Applications
With Plexiglas, Röhm GmbH’s product portfolio includes the world-famous brand for acrylic glass. Plexiglas is used in cars, airplane windows, screens or displays, as building glazing, noise protection, and in the advertising industry. The indispensable precursor for Plexiglas is methyl methacrylate. It is also used for the production of varnishes and paints, floor coatings, adhesives, and other materials, including dental products. Other examples of Röhm’s product range are methacrylate resins for the manufacture of industry floors and road markings, as well as cyanide for the leaching of precious metals in the mining industry.
With 3900 employees, 15 production sites worldwide, and revenues of EUR 1.9 billion (2018 figures), Röhm is one of the world’s leading manufacturers in the methacrylate business. The medium-sized company with branches in Germany, China, the USA, Russia, and South Africa has more than 80 years of experience in methacrylate chemistry and a strong technology platform. The best-known brands include Plexiglas, Acrylite, Degalan and Degaroute.
About Advent International
Founded in 1984, Advent International (“Advent”) is one of the largest and most experienced global private equity investors. As of March 31, 2019, the firm had USD 36 billion (EUR 32 billion) in assets under management, which does not include the USD 17.5 billion (EUR 15.6 billion) raised for GPE IX.
Advent International GmbH was established in Germany in 1991 and provides investment advice to Advent through its Frankfurt-based advisory team. Advent is one of the leading private equity investors in Germany and has been investing in European companies since 1990. Advent International GmbH has advised on investments of more than €3.1 billion in 30 companies. The team focuses on five core sectors: business and financial services; healthcare; industrial and chemicals; retail, consumer and leisure; and technology, media and telecom.
Evonik Performance Materials GmbH
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