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06-23-2005: The Dow Chemical Company announced that it has completed the acquisition of Pacific Epoxy Co., Ltd., a manufacturer of converted epoxy resins in Korea, from Saehan Industries, Inc. Dow had previously acquired 80 percent of Pacific Epoxy Co., Ltd. in January 2001. The current agreement is for the remaining 20 percent of the company. Terms of the agreement were not disclosed.
Dow becomes 100 percent owner of the Pacific Epoxy Co., Ltd. facility in Kumi, Korea. The 30,000 MT (66 million lbs) per year converted epoxy resin (CER) plant currently supplies brominated, solid, and solid-solution epoxy resins for use in protective coatings, electronics and specialties.
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