Dow Chem finalises Celotex foam insulation acquisition

Author: Gary Taylor


HOUSTON (CNI)--Dow Chemical finalised its purchase Monday of the rigid foam insulation business assets of Tampa, Florida-based Celotex and integrated those operations into Dow's North American building materials unit.

Terms remain undisclosed for the deal that was first announced a month ago.

The acquisition includes brands and five US manufacturing facilities.

Dow is based in Midland, Michigan.