Dow advances strategic focus with sale of flexible packaging laminating adhesives business to Arkema [Yahoo! Finance]
Dow Inc. (DOW)
Last dow inc. earnings: 4/30 06:00 am
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Source: Yahoo! Finance
MIDLAND, Mich. May 2, 2024 /PRNewswire/ -- Dow (NYSE: DOW) announced today that it has signed an agreement to sell its flexible packaging laminating adhesives business, within Dow's Packaging & Specialty Plastics segment, to Arkema , a leader in specialty materials. This transaction enables the Company to further increase its focus on core, high-value downstream businesses. The proceeds of this transaction will support Dow's capital allocation priorities, including accelerating our growth strategies and delivering long-term shareholder value. "In line with Dow's best-owner mindset, we are focused on proactively managing our asset portfolio to invest in businesses with competitive positions in attractive markets," said Jim Fitterling , Dow chair and CEO. "Proceeds will help us advance our long-term Decarbonize & Grow and Transform the Waste strategies designed to capture more than $3 billion in annual earnings growth by 2030." About the Transaction Five manufacturing sites in It
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DOW
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- 4/25/24 - Beat
DOW
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- 4/25/24 - Form 8-K
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- DOW's page on the SEC website