Add-on Acquisition • Chemicals

Dow and Berkshire Hathaway Acquire Rohm and Haas Co.

On July 10, 2008, Dow and Berkshire Hathaway acquired chemicals company Rohm and Haas Co. for 15.3B USD

Acquisition Context
  • This is Dow’s 7th and Berkshire Hathaway’s 2nd transaction in the Chemicals sector.
  • This is Dow’s and Berkshire Hathaway’s 6th largest (disclosed) transaction.
  • This is Dow’s 3rd and Berkshire Hathaway’s 48th transaction in the United States.
  • This is Dow’s 1st and Berkshire Hathaway’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date July 10, 2008
Target Rohm and Haas Co.
Sector Chemicals
Buyer(s) Dow
Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 15.3B USD

Target Company

Rohm and Haas Co.

Philadelphia, Pennsylvania, United States
Rohm and Haas Co. is a specialty chemical manufacturer based in Philadelphia, Pennsylvania.
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Buyers Overview 2

Buyer

Dow

Midland, Michigan, United States

Category Company
Founded 2018
Sector Chemicals
Employees37,800
Revenue 43.0B USD (2024)
DESCRIPTION
Dow Chemical's corporate headquarters in Midland, Michigan.
Dow Chemical's corporate headquarters in Midland, Michigan.

Dow produces specialty chemicals, advanced materials, agrosciences, and plastics and delivers a range of technology-based products and solutions to customers in sectors that include packaging, electronics, water, coatings, and agriculture. Dow was founded in 2018 and is based in Midland, Michigan.


Deal Context for Buyer #
Overall 7 of 10
Sector: Chemicals 7 of 9
Type: Add-on Acquisition 5 of 6
State: Pennsylvania 1 of 1
Country: United States 3 of 6
Year: 2008 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Edulan A/S

Aarhus, Denmark

Edulan A/S is an independent polyurethane (PU) systems house specializing in rigid foam and elastomer formulation technologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-11 Trymer Foam Business

LaPorte, Texas, United States

Trymer manufactures PIR foam used in pipe and mechanical insulation, panel insulation, and floral and craft among other applications.

Sell -
Buyer

Berkshire Hathaway

Omaha, Nebraska, United States

Category Company
Founded 1839
Sector Diversified
Employees392,400
Revenue 424.2B USD (2024)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway is a diversified holding company. Its subsidiaries engage in a wide range of business activities including insurance, utilities, renewable energy, freight rail transportation, finance, manufacturing, retailing, and business services. Berkshire Hathaway was founded in 1839 and is based in Omaha, Nebraska.


Deal Context for Buyer #
Overall 49 of 70
Sector: Chemicals 2 of 5
Type: Add-on Acquisition 37 of 47
State: Pennsylvania 1 of 3
Country: United States 48 of 65
Year: 2008 3 of 3
Size (of disclosed) 6 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-28 Wrigley Jr. Company

Chicago, Illinois, United States

Wrigley is a confectioner with a wide range of product offerings including gum, mints, hard and chewy candies, and lollipops. Wrigley's brands including Extra®, Orbit®, Doublemint®, and 5™ chewing gums, as well as confectionery brands Skittles®, Starburst®, Altoids® and Life Savers®. Wrigley operates in approximately 50 countries and distributes in more than 180 countries.

Buy $23.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Berkadia

New York, New York, United States

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, offers a suite of services to multifamily and commercial property clients. Powered by deep relationships and industry-changing technology, Berkadia's people sell, finance, and service commercial real estate, providing support for the entire life cycle of clients’ assets.

Buy -