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Dow completes asset sale to Arkema

February 05/2010
February, 5 (fibre2fashion.com) -- Arkema and The Dow Chemical Company announced jointly that they have closed Dows 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 $50 million.
 
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.
 
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Dow completes asset sale to Arkema

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