Volume 86 Issue 37 | p. 19 | Concentrates
Issue Date: September 15, 2008

Dow Seeks To Divest Acrylics, Latexes

Department: Business

Dow Chemical is exploring the divestiture of its acrylic acid and esters operation in Clear Lake, Texas, and its UCAR Emulsion Systems specialty latex business in North America. The company has engaged JPMorgan to act as financial adviser in support of the effort. The company says the move is "driven by Dow's interest in proactively mitigating potential antitrust issues" associated with its planned acquisition of Rohm and Haas. Dow announced the $19 billion purchase of the specialty chemical company in July. The company announced the possible sale on Sept. 10, five days after revealing that it had received a second request for information from the Federal Trade Commission regarding the Rohm and Haas acquisition. Rohm and Haas is the largest U.S. producer of acrylic acid and is also a major producer of latexes for paint and other applications.

 
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