Dow Finalises Sale To Arkema Of Acrylic Acid, Esters, Specialty Latex Assets In North America

Published: 25-Jan-2010

Arkema and the Dow Chemical have closed Dow’s divestiture to Arkema of its acrylic acid and esters business located at Clear Lake, Texas and its UCAR Emulsion Systems specialty latex business in North America. The transaction has a fair value consideration of $50m.

Reportedly, on August 3, the two companies announced they entered into the agreement, through which Dow will meet FTC-required divestitures related to its acquisition of Rohm and Haas. The divestiture recently received final approval from the US Federal Trade Commission.

Arkema which already operates a world-scale acrylic monomer production site, in France (Carling, Moselle) and a second site in the US (Bayport, Texas), will strengthen its positions in the acrylics market where main applications include paints and coatings, superabsorbents, water treatment, paper and textile.

Dow is a chemical company that combines the power of science and technology with the 'Human Element' to constantly improve what is essential to human progress. The company delivers a range of products and services to customers in approximately 160 countries, and provide products which include fresh water, food and pharmaceuticals to paints, packaging and personal care products.

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