2 February 2017
DETAILS
announced today that it has reached an agreement
to sell its global
Ethylene Acrylic Acid (EAA) copolymers and ionomers
business to SK Global Chemical Co., LTD.,
a subsidiary of SK Innovation,
as a part of the ongoing regulatory approval process
for the proposed Dow and DuPont merger transaction.
The divestiture will be conditioned on
Dow and DuPont closing their merger transaction,
in addition to other closing conditions,
including regulatory filings, local employment law
and governance obligations.
Dow is a leading producer of EAA copolymers,
which it markets under the PRIMACOR™ brand
as part of
Dow’s Packaging and Specialty Plastics business.
The divestiture agreement includes
*production assets located in
Freeport, Texas, and Tarragona, Spain, along with
*associated intellectual property and
*product trademarks.
Under terms of the purchase agreement,
SK Global Chemical will honor
certain customer and supplier contracts
and other agreements.
Both companies are working together
for a seamless transition for all stakeholders.
Dow’s chairman and chief executive officer
“Today’s divestiture announcement
marks significant progress in our discussions
with the competition authorities.
We continue to work constructively
with all of the relevant competition
and regulatory authorities around the globe
to address their questions and
to obtain clearance for the proposed merger,”
For further information contact:
Media
Rachelle Schikorra
ryschikorra@dow.com
+1 989-638-4090
Investors
Neal Sheorey
nrsheorey@dow.com
+1 989-636-6347
WWW.CHEMWINFO.COM BY KHUN PHICHAI
