SABIC to Sell Functional Forms Business

SABIC has reached agreement with Röhm Holding GmbH to sell its Functional Forms business as SABIC focuses on a business portfolio of petrochemicals, agri-nutrients, and specialties.
 
SABIC’s Functional Forms business develops and manufactures high-quality, polycarbonate Lexan® resin-based engineered thermoplastic sheet and film products which it sells across a wide variety of industries, ranging from building and construction, consumer electronics, aircraft and rail interiors to displays. Its operations are in 19 countries and has about 700 employees.
 
Final agreements between the two companies will be signed in the coming months after consultation with applicable works councils and unions in Europe. Subject to regulatory approvals and completion of the carve-out of the business from the rest of SABIC’s operations, the transaction is expected to close during the first half of 2024.

Further Information about this potential transaction will be available once a deal is finalized.