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People & Business :: Companies

R&H Exits Automotive Coatings Business With Two Deals

2:41 PM MDT | July 18, 2007 | ­Kate Phillips

Rohm and Haas (R&H) has agreed to sell its universal color dispersions (UCD) colorants business to NB Coatings (Lansing, IL), a unit of Nippon Paint Co. (Tokyo), for an undisclosed sum. NB Coatings, which acquired R&H’s automotive coatings business about a year ago, says it plans to sell the colorants business to pigment dispersions supplier Plasticolors (Ashtabula, OH). NB Coatings would not comment on why it plans to sell the business. Both deals were set to close July 13. Full speed ahead: Colorants and automotive businesses...

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