Dow has announced the completion of its previously announced sale of the Company’s flexible packaging laminating adhesives business, within Dow’s Packaging & Specialty Plastics segment, for $150 million to Arkema, a specialty materials leader. The sale, announced on May 2, 2024, includes five manufacturing sites in Italy, the United States, and Mexico. The business includes Solvent-Based and Solventless Laminating Adhesives and Heat Seal Coating product portfolios.
Proceeds from the transaction will support Dow’s capital allocation priorities, including accelerating our growth strategies and delivering long-term shareholder value. The completion of this sale, along with the acquisition earlier this year of Circulus, a mechanical recycler, exemplifies Dow’s commitment to aligning the Company’s portfolio with its growth strategy and circularity platforms.
“We are pleased to announce the successful completion of this divestiture, a strategic move that aligns with Dow’s long-term vision. This transaction not only strengthens our core business but also positions us for future growth and innovation. By focusing on our key strengths, we can enhance our ability to deliver value to our customers and stakeholders.”
Karen S. Carter, President of Packaging & Specialty Plastics, Dow
Dow retains its water-based laminating adhesives, acrylic adhesives, and adhesive solutions businesses, which remain core to its growth and sustainability strategies in flexible packaging.
Dow serves customers in high-growth markets such as packaging, infrastructure, mobility, and consumer applications. Their asset integration, and scale, focused innovation, leading business positions, and commitment to sustainability enable them to achieve profitable growth and help deliver a sustainable future. The company operates manufacturing sites in 31 countries and employs approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. By integrating technology, science, and sustainability, Dow Packaging addresses the challenges of modern packaging needs. Its commitment to reducing the environmental footprint of packaging while maintaining high performance underscores its leadership in the industry, making it a trusted partner for businesses worldwide.