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People & Business :: Companies
Rohm and Haas Not Likely to Divest Salt Until 2008
10:04 AM MDT | October 16, 2007 | Robert Westervelt
Rohm and Haas (R&H) says the divestiture of its salt business is not likely to occur before 2008, citing current conditions in debt markets. “We had hoped to finalize the path forward for the business by the end of the fourth quarter, but recent turmoil in debt markets may cause the process to take longer than initially anticipated,” Pierre Brondeau, R&H executive v.p. and business group executive/specialty materials, said at investment firm CIBC’s Industrial Conference, held in New York earlier this month. R&H will not “force...
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