Dow mulls disposal of US acrylic, latex ops

10 September 2008 14:55  [Source: ICIS news]

TORONTO (ICIS news)--Dow Chemical has hired JP Morgan to advise on the possible divestiture of its Texas-based acrylic acid and esters operations and its North American UCAR emulsion systems specialty latex business to help address anti-trust concerns over its $18.8bn acquisition of Rohm and Haas, it said on Wednesday.


“The exploration of strategic options for the business is driven by Dow’s interest in proactively mitigating potential anti-trust issues associated with its previously announced acquisition of Rohm and Haas,” it said.


“As divestiture options are considered, the business will continue to be sharply focused on effectively managing operations, competing in the market, delivering exceptional value to customers, and the safety of Dow employees,” the company added.


Dow’s acrylic acid and esters plant is in Clear Lake, Texas, while the UCAR latex plants are located in Lake Charles, Louisiana; Alsip, Illinois; and Torrance, California.


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By: Stefan Baumgarten
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