Dow Finalizes Sale to Arkema of Acrylic Acid, Esters and Specialty Latex Assets in North America

Arkema and The Dow Chemical Company announced jointly today that they have closed Dow’s divestiture to Arkema of its acrylic acid and esters business located at Clear Lake, Texas and its UCAR Emulsion Systems specialty latex business in North America. The transaction has a fair value consideration of U.S. $50 million(1).

On August 3, the two companies announced they entered into the agreement, through which Dow will meet FTC-required divestitures related to its acquisition of Rohm and Haas Company. The divestiture recently received final approval from the U.S. Federal Trade Commission.

(1) 2009 estimated revenue for these businesses is approximately U.S. $450 million.