Dow advances strategic focus with sale of flexible packaging laminating adhesives business to Arkema
Rhea-AI Summary
Dow announced the sale of its flexible packaging laminating adhesives business to Arkema, aligning with its strategy to focus on core businesses. The proceeds will support growth strategies and create long-term shareholder value.
Positive
Focus on core, high-value downstream businesses
Proceeds to support growth strategies and shareholder value
Negative
- None.
News Market Reaction – DOW
In the trading session that priced this news, DOW declined 0.70%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Proposed transaction aligns with the Company's best-owner mindset
- Proceeds to support the Company's Decarbonize & Grow and Transform the Waste strategies
This transaction enables the Company to further increase its focus on core, high-value downstream businesses. The proceeds of this transaction will support Dow's capital allocation priorities, including accelerating our growth strategies and delivering long-term shareholder value.
"In line with Dow's best-owner mindset, we are focused on proactively managing our asset portfolio to invest in businesses with competitive positions in attractive markets," said Jim Fitterling, Dow chair and CEO. "Proceeds will help us advance our long-term Decarbonize & Grow and Transform the Waste strategies designed to capture more than
About the Transaction
Five manufacturing sites in
The transaction value is
Dow will retain its water-based laminating adhesives and acrylic adhesives businesses in Packaging and Specialty Plastics, as well as adhesive solutions in Dow Consumer Solutions and MobilityScience™, which align with the Company's market growth strategies.
Dow and Arkema are committed to delivering a seamless transition for all stakeholders.
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:
Mary Fournier
+1 989-636-7475
mkfournier@dow.com
X: https://twitter.com/DowNewsroom
Facebook: https://www.facebook.com/dow/
LinkedIn: http://www.linkedin.com/company/dow-chemical
Instagram: http://instagram.com/dow_official
View original content to download multimedia:https://www.prnewswire.com/news-releases/dow-advances-strategic-focus-with-sale-of-flexible-packaging-laminating-adhesives-business-to-arkema-302134442.html
SOURCE The Dow Chemical Company
FAQ
What business did Dow sell to Arkema?
Dow sold its flexible packaging laminating adhesives business to Arkema.
What is Dow's stock symbol?
Dow's stock symbol is DOW.
Who is the CEO of Dow?
Jim Fitterling is the CEO of Dow.
What are Dow's capital allocation priorities?
Dow's capital allocation priorities include accelerating growth strategies and delivering long-term shareholder value.
What are Dow's long-term strategies?
Dow's long-term strategies include Decarbonize & Grow and Transform the Waste, aiming to capture over $3 billion in annual earnings growth by 2030.