12 November 2014
ANGUS is the world's only chemical company
dedicated to the manufacture and distribution of
nitroalkanes and their derivatives,
which are extremely versatile additives and intermediates
that help customers to enhance their products’ performance.
Industries successfully using ANGUS’ products include
paints and coatings, life sciences and biopharma,
metalworking, personal care, pharmaceuticals,
water treatment, oil & gas and many others.
VIEW ANGUS CHEMICAL PRODUCTS LIST
DETAILS
The Dow Chemical Company (NYSE: DOW) announced today
that it has signed a definitive agreement under which
ANGUS Chemical Company (“ANGUS”)
will be sold to
Golden Gate Capital for $1.215 billion.
The transaction is expected to close
during the first quarter of 2015,
subject to completion of customary regulatory filings.
The divestiture of ANGUS includes
* the business headquarters and R&D facility in Buffalo Grove, IL;
* manufacturing facilities located in Sterlington, LA,
and Ibbenbueren, Germany;
* a packaging facility in Niagara Falls, NY; as well as
* the associated business, inventory, customer contracts,
process technology, business know-how and
certain intellectual property.
Approximately 290 employee positions globally are expected
to transition employment status as ANGUS moves to
being owned by Golden Gate Capital as part of the transaction.
Under terms of the purchase agreement, ANGUS will continue
to honor customer, licensing and supplier contracts and
related agreements.
Dow is committed to working with Golden Gate Capital
for a seamless transition of this business for all stakeholders
WWW.CHEMWINFO.COM BY KHUN PHICHAI
