These businesses are described by Dow Epoxy as leading epoxy systems formulators in their region and the acquisitions will accelerate the growth and geographic expansion of the Dow Epoxy Systems business unit, launched earlier this year.
‘We are very excited about what the Epoxy Systems business of Dow Epoxy represents, which is a new engine of innovation and growth,’ said Pepe Carnevale, global business director. ‘With this set of acquisitions, we considerably boost that engine with talented people, proven products, promising R&D pipelines, applications know-how and market channels. Combined with Dow Epoxy’s organic growth capabilities and epoxy expertise, we have a solid foundation upon which to build Dow Epoxy Systems.’
Dow expects to complete each acquisition within 30 to 45 days. Financial terms of the transactions were not disclosed.