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Rohm and Haas Electronic Materials CMP Inc history
Rohm and Haas Electronic Materials CMP Inc company history timeline
By 1975 the company began to lose money and there was speculation that Gregory would be relieved of his duties.
In 1985 sales were down slightly, but given the difficult economic conditions that existed that year for chemical companies the performance of Rohm and Haas was regarded by many industry analysts as satisfactory.
In July 1996 Rohm and Haas formed a 50-50 joint venture with Röhm, its one-time German sister company, called RohMax.
In mid-1998, however, Rohm and Haas sold its half-interest in this venture to its partner, thus divesting itself of its most famous product.
Later in 1998 Rohm and Haas announced that for financial reporting purposes it had reorganized its businesses into three sectors: performance polymers, chemical specialties, and electronic materials.
In January 1999 the company acquired LeaRonal, Inc. of Freport, New York, for about $460 million.
Wilson then retired in October 1999, with Rajiv L. Gupta, previously vice-president for electronic materials and Asia-Pacific, taking over as chairman and CEO.
A few of the more peripheral Morton assets were divested in 2000, including Morton's industrial coatings unit, thermoplastic polyurethane business, and European salt business.
In 2003 Rohm and Haas benefited from a recovery in both the electronics and industrial sectors, pushing sales up 12 percent, to $6.42 billion.
In this environment, the company continued to restructure, announcing in December 2005 the launch of an initiative to improve its manufacturing operations in Europe.
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