Mallard Creek buys remaining Dow Reichhold assets

Charlotte , North Carolina -- Mallard Creek Polymers, Inc. has purchased a portfolio of performance

polymer products and related assets from Dow Reichhold.

joint venture between The Dow Chemical Company and Reichhold, Inc.,

and sale of various assets. This agreement with Mallard Creek

Polymers is the final sale of Dow Reichhold commercial assets,

including products and technology, as the company completes the

orderly closure of its operations.

Mallard Creek Polymers has purchased

product formulas, trademarks and patents for approximately 50

specialty latex products used in the adhesives, coatings,

construction, nonwovens, packaging, personal care, specialty paper

and textile industries. Financial terms of the transaction were not

released.

Mallard Creek said it will now have a

broader portfolio of performance polymers and expertise to serve the

industrial and consumer marketplace.

“This acquisition enables us to

accelerate our strategy of differentiated service and innovation and

further demonstrates our commitment to the industry and our

customers,” said Aaron Parekh, President and CEO of Mallard

Creek Polymers. “We are building an entrepreneurial, innovative and

versatile polymer supplier for the industry, committed to partnering

with our customers to bring forward unique solutions.”

“We believe this agreement between

Mallard Creek Polymers and Dow Reichhold offers an excellent

opportunity for our customers and the marketplace to have continued

access to innovative products and excellent service,” said Jeffery

Welker, President of Dow Reichhold.