Dow completes $121MM sale of Telone™ soil fumigation product line
Dow (NYSE: DOW) has completed the sale of its Telone™ soil fumigation product line to TriCal Soil Solutions for $121 million, representing approximately 10x 2024 Operating EBITDA. The transaction aligns with Dow's best-owner mindset strategy, enabling the company to concentrate on its core, high-value downstream markets. Marco ten Bruggencate, president of Dow's Industrial Intermediates & Infrastructure operating segment, stated that the divestiture will allow the Telone product line to benefit from focused investments in agricultural market segments under its new ownership.
Dow (NYSE: DOW) ha completato la vendita della sua linea di prodotti per la fumigazione del suolo Telone™ a TriCal Soil Solutions per 121 milioni di dollari, corrispondenti a circa 10 volte l'EBITDA operativo previsto per il 2024. Questa operazione è in linea con la strategia di Dow, orientata a essere il miglior proprietario, permettendo all'azienda di concentrarsi sui suoi mercati core a maggior valore aggiunto nel settore downstream. Marco ten Bruggencate, presidente del segmento operativo Industrial Intermediates & Infrastructure di Dow, ha dichiarato che la cessione consentirà alla linea di prodotti Telone di beneficiare di investimenti mirati nei segmenti agricoli sotto la nuova proprietà.
Dow (NYSE: DOW) ha completado la venta de su línea de productos para fumigación del suelo Telone™ a TriCal Soil Solutions por 121 millones de dólares, lo que representa aproximadamente 10 veces el EBITDA operativo proyectado para 2024. Esta transacción está alineada con la estrategia de Dow de ser el mejor propietario, permitiendo a la compañía enfocarse en sus mercados downstream principales y de alto valor. Marco ten Bruggencate, presidente del segmento operativo Industrial Intermediates & Infrastructure de Dow, afirmó que la desinversión permitirá que la línea de productos Telone se beneficie de inversiones enfocadas en los segmentos agrícolas bajo su nueva propiedad.
Dow (NYSE: DOW)는 Telone™ 토양 훈증 제품 라인을 TriCal Soil Solutions에 1억 2,100만 달러에 매각을 완료했습니다. 이는 2024년 예상 영업 EBITDA의 약 10배에 해당합니다. 이번 거래는 Dow의 최적 소유자 전략과 일치하며, 회사가 핵심 고부가가치 다운스트림 시장에 집중할 수 있도록 합니다. Dow의 산업 중간재 및 인프라 운영 부문 사장인 Marco ten Bruggencate는 이번 매각을 통해 Telone 제품 라인이 새로운 소유주 아래 농업 시장 부문에 집중 투자 혜택을 누릴 수 있을 것이라고 밝혔습니다.
Dow (NYSE : DOW) a finalisé la vente de sa gamme de produits de fumigation du sol Telone™ à TriCal Soil Solutions pour 121 millions de dollars, ce qui représente environ 10 fois l'EBITDA opérationnel prévu pour 2024. Cette transaction s'inscrit dans la stratégie de Dow visant à être le meilleur propriétaire, permettant à l'entreprise de se concentrer sur ses marchés en aval à forte valeur ajoutée. Marco ten Bruggencate, président du segment opérationnel Industrial Intermediates & Infrastructure de Dow, a déclaré que cette cession permettra à la gamme Telone de bénéficier d'investissements ciblés dans les segments agricoles sous sa nouvelle propriété.
Dow (NYSE: DOW) hat den Verkauf seiner Telone™ Bodenfumigations-Produktlinie an TriCal Soil Solutions für 121 Millionen US-Dollar abgeschlossen, was etwa dem 10-fachen des erwarteten operativen EBITDA für 2024 entspricht. Diese Transaktion entspricht Dow's Strategie, der beste Eigentümer zu sein, und ermöglicht es dem Unternehmen, sich auf seine Kernmärkte mit hohem Mehrwert im Downstream-Bereich zu konzentrieren. Marco ten Bruggencate, Präsident des operativen Segments Industrial Intermediates & Infrastructure von Dow, erklärte, dass die Veräußerung der Telone-Produktlinie unter neuer Eigentümerschaft gezielte Investitionen in landwirtschaftliche Marktsegmente ermöglichen wird.
- Sale value of $121 million strengthens company's financial position
- Transaction multiple of 10x 2024 Operating EBITDA indicates favorable valuation
- Strategic alignment with core business focus on high-value downstream markets
- Loss of revenue stream from Telone product line
- Reduced exposure to agricultural market segments
- Transaction enables the Company to further focus on core, high-value downstream markets
- Proceeds will be used to support Dow's balanced capital allocation approach
"We are pleased to announce the successful completion of this divestiture, a move that aligns with Dow's strategy to focus on its core, downstream markets," said Marco ten Bruggencate, president of Dow's Industrial Intermediates & Infrastructure operating segment. "The Telone product line will benefit from focused investments to capitalize on growth in the agricultural market segments it serves."
The transaction value is
About Dow
Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30 countries and employ approximately 36,000 people. Dow delivered sales of approximately
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