Dow completes $121MM sale of Telone™ soil fumigation product line

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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

MIDLAND, Mich., May 1, 2025 /PRNewswire/ -- Dow (NYSE: DOW) announced today the completion of the sale of Telone™, a soil fumigation product to TriCal Soil Solutions, Inc., a leading distributor and applicator of soil fumigation products. This transaction is consistent with Dow's best-owner mindset strategy of focusing on its core operations.

"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 $121 million or approximately 10x 2024 Operating EBITDA.

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 $43 billion in 2024. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

For further information, please contact:

Glynna Mayers
Dow
gmayers@dow.com

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^®TM Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow

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SOURCE The Dow Chemical Company

FAQ

How much did Dow (DOW) sell its Telone product line for?

Dow sold its Telone soil fumigation product line to TriCal Soil Solutions for $121 million, representing approximately 10x 2024 Operating EBITDA.

Who bought Dow's Telone product line in 2025?

TriCal Soil Solutions, Inc., a leading distributor and applicator of soil fumigation products, acquired Dow's Telone product line.

What is Dow's strategy behind selling Telone?

The sale aligns with Dow's best-owner mindset strategy to focus on its core, high-value downstream markets and operations.

How will Dow use the proceeds from the Telone sale?

The proceeds will be used to support Dow's balanced capital allocation approach.