Dow Inc. announced on December 2, 2024, the successful completion of the sale of its flexible packaging laminating adhesives business to Arkema, a specialty materials leader. The transaction, valued at $150 million, includes five manufacturing sites located in Italy, the United States, and Mexico. This divestiture encompasses Dow's Solvent-Based and Solventless Laminating Adhesives and Heat Seal Coating product portfolios.
The completion of this sale aligns with Dow's long-term vision to focus on its core, high-value downstream businesses and circularity platforms. The proceeds from the transaction are earmarked to support Dow's capital allocation priorities, including accelerating its growth strategies and delivering long-term shareholder value. Dow retains its water-based laminating adhesives, acrylic adhesives, and adhesive solutions businesses, which remain central to its strategic objectives.
This strategic move, alongside the earlier acquisition of Circulus, a mechanical recycler, exemplifies Dow's commitment to optimizing its portfolio. By streamlining its business segments, Dow aims to enhance its ability to deliver value to customers and stakeholders through a more focused operational approach.
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