ERJ staff report (DS)
Midland, Michigan -- The Dow Chemical Company is exploring divestiture options for its Clear Lake Operations acrylic acid and esters, and UCAR Emulsion Systems specialty latex business in North America. Dow has engaged J.P. Morgan to act as financial adviser in support of this effort.
Dow said the decision was connected with potential anti-trust issues associated with its previously announced acquisition of Rohm and Haas.
The business includes UCAR Emulsion System specialty latex product plants located in Louisiana (St. Charles), Illinois (Alsip), California (Torrance), an acrylic acid and esters production plant located in Texas (Clear Lake), and and a commercial and technical centre in North Carolina (Cary). 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, said Dow
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Press release from Dow