Dow completes $150MM sale of flexible packaging laminating adhesives business
Dow (NYSE: DOW) has completed the sale of its flexible packaging laminating adhesives business to Arkema for $150 million. The transaction includes five manufacturing facilities across Italy, the United States, and Mexico, encompassing Solvent-Based and Solventless Laminating Adhesives and Heat Seal Coating product portfolios. The proceeds will support Dow's capital allocation priorities and growth strategies. Dow retains its water-based laminating adhesives, acrylic adhesives, and adhesive solutions businesses. This divestiture, along with the recent Circulus acquisition, demonstrates Dow's commitment to portfolio alignment with growth strategy and circularity platforms.
Dow (NYSE: DOW) ha completato la cessione della sua attività di adesivi per laminazione di imballaggi flessibili ad Arkema per 150 milioni di dollari. L'operazione include cinque stabilimenti di produzione situati in Italia, Stati Uniti e Messico, comprendendo portafogli di prodotti di adesivi per laminazione a base di solventi e senza solventi e di rivestimenti termoadesivi. I proventi supporteranno le priorità di allocazione del capitale e le strategie di crescita di Dow. Dow mantiene le sue attività di adesivi per laminazione a base d'acqua, adesivi acrilici e soluzioni adesive. Questa dismissione, insieme all'acquisizione recente di Circulus, dimostra l'impegno di Dow nell'allineamento del portafoglio con la strategia di crescita e le piattaforme di circolarità.
Dow (NYSE: DOW) ha completado la venta de su negocio de adhesivos para laminación de envases flexibles a Arkema por 150 millones de dólares. La transacción incluye cinco instalaciones de fabricación en Italia, Estados Unidos y México, abarcando carteras de productos de adhesivos para laminación a base de solventes y sin solventes, así como recubrimientos termosellables. Los ingresos apoyarán las prioridades de asignación de capital y las estrategias de crecimiento de Dow. Dow retiene sus negocios de adhesivos para laminación a base de agua, adhesivos acrílicos y soluciones adhesivas. Esta desinversión, junto con la reciente adquisición de Circulus, demuestra el compromiso de Dow con la alineación de su portafolio con la estrategia de crecimiento y las plataformas de circularidad.
다우 (NYSE: DOW)가 아르케마에 유연 포장 라미네이팅 접착제 사업을 1억 5천만 달러에 판매하는 거래를 완료했습니다. 이 거래에는 이탈리아, 미국, 멕시코에 있는 다섯 개 제조 시설이 포함되어 있으며, 용제 기반 및 무용제 라미네이팅 접착제와 열 밀봉 코팅 제품 포트폴리오를 포함합니다. 수익금은 다우의 자본 배분 우선순위 및 성장 전략을 지원할 것입니다. 다우는 수상 기반 라미네이팅 접착제, 아크릴 접착제, 접착 솔루션 사업을 보유하고 있습니다. 이번 매각은 최근 시큘러스 인수와 함께 다우의 성장 전략 및 순환성 플랫폼과의 포트폴리오 정렬에 대한 의지를 보여줍니다.
Dow (NYSE: DOW) a finalisé la vente de son activité d'adhésifs pour laminage d'emballages flexibles à Arkema pour 150 millions de dollars. La transaction comprend cinq établissements de production situés en Italie, aux États-Unis et au Mexique, englobant des portefeuilles de produits d'adhésifs à base de solvant et sans solvant ainsi que des revêtements thermoscellables. Les produits de cette vente soutiendront les priorités d'allocation de capital et les stratégies de croissance de Dow. Dow conserve ses activités d'adhésifs pour laminage à base d'eau, d'adhésifs acryliques et de solutions adhésives. Cette cession, associée à l'acquisition récente de Circulus, démontre l'engagement de Dow à aligner son portefeuille avec sa stratégie de croissance et ses plateformes de circularité.
Dow (NYSE: DOW) hat den Verkauf seines Geschäfts mit flexiblen Verpackungslaminierklebstoffen an Arkema für 150 Millionen Dollar abgeschlossen. Die Transaktion umfasst fünf Produktionsstätten in Italien, den Vereinigten Staaten und Mexiko und beinhaltet Produktportfolios für lösemittelbasierte und lösungsmittelfreie Laminierklebstoffe sowie heißsiegelfähige Beschichtungen. Die Erlöse werden die Kapitalallokationsprioritäten und Wachstumsstrategien von Dow unterstützen. Dow behält sein Geschäft mit wasserbasierten Laminierklebstoffen, Acrylklebstoffen und Klebstofflösungen. Diese Veräußerung, zusammen mit der kürzlichen Akquisition von Circulus, zeigt Dows Engagement für die Ausrichtung des Portfolios auf die Wachstumsstrategie und die Plattformen der Zirkularität.
- Sale generates $150 million in proceeds for growth investments
- Strategic alignment with core business focus
- Retention of key adhesive businesses aligned with growth strategy
- Divestiture of revenue-generating business unit
- Reduction in manufacturing footprint with loss of five facilities
Insights
The
- The sale allows Dow to streamline operations by divesting non-core assets while retaining strategic water-based adhesives business
- The proceeds strengthen the balance sheet and provide capital for growth investments, particularly in circular economy initiatives as evidenced by the recent Circulus acquisition
- The transaction includes valuable manufacturing assets across three countries, indicating a well-structured deal that should benefit operational efficiency
The market should view this positively as it demonstrates management's commitment to portfolio optimization and strategic capital allocation. However, the immediate financial impact will be minimal given the relatively small transaction size.
- Transaction enables the Company to further focus on core, high-value downstream markets
- Proceeds will be used to support Dow's capital allocation priorities, including value-creating growth investments
The sale, announced May 2, 2024, includes five manufacturing sites in
Proceeds from the transaction will support Dow's capital allocation priorities, including accelerating our growth strategies and delivering long-term shareholder value. The completion of this sale, along with the acquisition earlier this year of Circulus, a mechanical recycler, exemplifies Dow's commitment to aligning the Company's portfolio with its growth strategy and circularity platforms.
"We are pleased to announce the successful completion of this divestiture, a strategic move that aligns with Dow's long-term vision. This transaction not only strengthens our core business but also positions us for future growth and innovation," said Karen S. Carter, president of Packaging & Specialty Plastics at Dow. "By focusing on our key strengths, we can enhance our ability to deliver value to our customers and stakeholders."
Dow retains its water-based laminating adhesives, acrylic adhesives, and adhesive solutions businesses, which remain core to its growth and sustainability strategies.
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 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately
For further information, please contact:
Sarah Young
Dow
syoung3@dow.com
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SOURCE The Dow Chemical Company
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