The Dow Chemical Company today announced that it has completed its acquisition of Rohm and Haas (NYSE: ROH). The acquisition is a major step in Dow’s strategy of growing its performance products and specialty portfolio to deliver more consistent earnings growth. Combining the two organizations’ best-in-class technologies, broad geographic reach and strong market channels will create a $14.0 billion diversified business portfolio, which will be called Dow’s Advanced Materials division. The division is intended to achieve $3.0 billion in additional value growth opportunities, as well as annual cost synergies of $1.3 billion.