Freshfields Bruckhaus Deringer has advised Roehm on its acquisition of SABIC's Functional Forms business.
Roehm is a German manufacturer in the methacrylates business with offices in the US and China and 13 production sites on four continents.
Saudi Arabia's Basic Industries Corporation, known as SABIC, is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals.
According to Freshfields, “the new combined company is expected to have sales of more than EUR 700 million and a global presence comprising 14 production sites. Subject to the completion of the carve-out of the business [...] the transaction is expected to close in the first half of 2024.”
The Freshfields team was led by Germany-based Partners Stephanie Hundertmark and Maximilian Lasson and included Vienna-based Counsel Lukas Pomaroli, Principal Associates Kathrin Wildmoser-Zeller and Leonhard Prasser, and Associates Sophie Muuss and Can-Michael Nural as well as lawyers from the firm's offices in Berlin, Munich, Duesseldorf, Hamburg, Frankfurt, Amsterdam, New York, Milan, Beijing, and Shanghai.
Freshfields could not provide additional information on the transaction.