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Dow announced today 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.<\/p>\n
The sale, announced in May<\/a>, 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.<\/p>\n Proceeds from the transaction will support Dow’s capital allocation priorities, including accelerating its growth strategies and delivering long-term shareholder value. The completion of this sale, along with the acquisition earlier this year of Circulus<\/a>, a mechanical recycler, exemplifies Dow’s commitment to aligning the company’s portfolio with its growth strategy and circularity platforms.<\/p>\n Packaging Strategies<\/em> recently reported on Capstone Partners\u2019 November 2024 Packaging Industry Update<\/strong>, which noted that packaging firms have been offloading segments that do not align with their portfolio optimization strategies. Dow\u2019s sale to Arkema is a textbook example. Packaging Strategies<\/em>\u2019 reporting on the Capstone Partners analysis can be found here<\/a>.<\/p>\n “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,” said Karen S. Carter, president of Packaging & Specialty Plastics at Dow<\/strong>. “By focusing on our key strengths, we can enhance our ability to deliver value to our customers and stakeholders.”<\/p>\n Dow retains its water-based laminating adhesives, acrylic adhesives, and adhesive solutions businesses, which remain core to its growth and sustainability strategies.<\/p>\n<\/div>\n