Dow completes USD 150m sale of flexible packaging adhesives unit to Arkema
Dow Chemical has closed the sale of its flexible packaging composite adhesives business to Arkema for USD 150m, a deal first announced on 2 May 2024. The divested unit, which generates about USD 250m in annual sales, comprises five production sites in Italy, the US and Mexico making solvent-based and solvent-free laminating adhesives and heat-seal coatings. Dow retains its water-based and acrylic composite adhesives, which it says remain core to its growth strategy.
Why this mattersThe deal consolidates solvent-based laminating adhesive supply at Arkema, a key input for food and medical laminates, while Dow narrows its packaging materials range.
- Sale price is USD 150m.
- Deal was announced on 2 May 2024 and has now completed.
- Five production sites in Italy, the US and Mexico are included.
- Divested business had annual sales of approximately USD 250m.
- Business supplies solvent-based and solvent-free laminating adhesives and heat-seal coatings.
- Dow keeps its water-based and acrylic composite adhesives businesses.
Sources
tdd-global.com