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.‎