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Author:gly    Date: 2024-09-30    

The deal with Advent was announced in March of this year as part of Evonik’s “consistent strategy to focus on specialty chemicals.”  The private equity group is taking the business for an enterprise value of €3 billion – eight times EBITDA.

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With the transfer of Evonik’s methacrylates business to private equity investor Advent International, Röhm, one of the world’s leading producers of methyl methacrylate (MMA) monomer and PMMA molding compounds, is now called Röhm again. The company based at Darmstadt, Germany, also has a new logo.

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Now headed by Michael Pack as CEO, the old and new Röhm has some 3,900 employees globally at 15 production sites. Its biggest sites for production of its iconic “Plexiglas” brand acrylic glass (PMMA) are at Darmstadt and Worms, Germany. Its website lists altogether eight sites in Germany, also including Hanau and Wesseling, along with three in the US, two in China/Taiwan and one each in Russia and South Africa.

Hexagon Manufacturing has bundled its state-of-the-art technologies into a suite of tools, giving mold and die shops of all sizes a competitive edge.

Geoff Giordano is a tech journalist with more than 30 years’ experience in all facets of publishing. He has reported extensively on the gamut of plastics manufacturing technologies and issues, including 3D printing materials and methods; injection, blow, micro and rotomolding; additives, colorants and nanomodifiers; blown and cast films; packaging; thermoforming; tooling; ancillary equipment; and the circular economy. Contact him at [email protected].

reverse-engineering tools to efficiently create solid models from scanned data, particularly useful for repairing or redesigning molds;

Mold and die manufacturers just got a powerful new all-in-one tool from Hexagon Manufacturing that bundles the company’s technologies into a suite of tools allowing plastic flow analysis, reverse engineering, modeling of solids and surfaces, and more.

The company, which also produces adhesive resins as well as cyanide for the mining industry, reported sales of €1.9 billion in 2018, and management estimates that 2019 revenues will be at a similar label. In PMMA sheet and molding compounds, Evonik counted itself among the three leading players, with a last reported market share of 19-20%.

For injection mold makers, the HxGN Mould and Die suite integrates CAD/CAE/CAM workflow to provide data-based insights into mold creation and function through:

Founded by Otto Röhm, the company’s portfolio evolved slightly over the years and was widened in the 1999 all-German merger of former owner Hüls with Degussa. With the 2007 merger of Degussa-Hüls into the newly created Evonik, the name Röhm fell by the wayside, but under the agreement with Advent has been restored.

"The HxGN Mould and Die suite is an exciting development, combining our customers’ challenges with our deep domain knowledge to achieve more," said Parth Joshi, chief product and technology officer at Hexagon. "We are refocusing innovation to bring our ecosystem technologies together and help production teams make better-informed decisions, faster."

“With the support of Advent International we are now able to initiate important investments in our technologies and the expansion of our production facilities,” Pack added.

automated design and simulation of electrical discharge machining electrodes and holders to simplify the creation of intricate or hard-to-machine mold features;

In late 2017, Evonik announced a new process for MMA, which it branded as "LiMA" (Leading in Methacrylates). At the time, the Essen group said the process combined established steps with its own developments. Due to considerably lower energy consumption, it is claimed to reduce CO2 emissions by up to 40%.

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"We took everything we know about mold-and-die manufacturing, including our best-in-class Hexagon technologies, to build a specialized suite that empowers mold and die shops of any size to get the best results faster," said Chuck Mathews, general manager of production software at Hexagon. "Their competitive edge will be enhanced with Nexus, which connects desktop software via the cloud to provide further automation and collaboration opportunities. It also gives teams an easy way to share 3D models with customers through secure web-based visualization, and consolidates access to libraries for tooling, fixtures, and materials from their desktop apps."

With the introduction of an innovative process to produce MMA, Pack said Röhm is also targeting global technology leadership. “It is our goal to keep driving the growth of our business and to further strengthen leading market positions through investments and targeted expansion,” he said.

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