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Polymers
DowDuPont divests Styrofoam in Europe
by Alex Tullo
February 15, 2019
| A version of this story appeared in
Volume 97, Issue 7
DowDuPont has sold its European Styrofoam extruded polystyrene insulation business to the Belgian plastics maker Ravago. The sale closed in December and was revealed in DowDuPont’s 10-K annual report last week. The price wasn’t disclosed, but DowDuPont booked a $14 million loss from the sale. The business has 290 employees and operations in France, Germany, Greece, Sweden, Turkey, and the UK. DowDuPont is retaining its US Styrofoam business, which was a Dow brand but will be part of the new DuPont.
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