Dow completes sale of Ethafoam to Sealed Air

16 November 2007 16:53  [Source: ICIS news]

TORONTO (ICIS news)--Dow Chemical has completed the sale of its Ethafoam business to Sealed Air, the US chemicals major said on Friday without disclosing financial terms.

 

The company had announced the divestiture in September.

 

As part of the agreement, Sealed Air acquired rights to certain assets relating to Dow’s Ethafoam polyethylene (PE) foam product lines, including a license to process technology, customer contracts, trademarks and certain production and process equipment.

 

The products included PE-based foam products sold under the Ethafoam, Envision, Synergy and Equifoam trademarks. In addition, Sealed Air acquired the rights to the Lamdex trademark, Dow said.

 

Dow would also supply products to Sealed Air from its plants in Hanging Rock, Ohio, and Drusenheim, France, for up to 18 months, it said. 

 

Following that period Sealed Air would start manufacturing the products at its own facilities.

 

Dow had said earlier it planned to start making Styrofoam at the French plant and would shut down the Ethafoam line at the plant in Ohio.


By: Stefan Baumgarten
+1 713 525 2653



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