Dow Announces Sale of Haltermann Products U.S. Test & Reference Fuels and Dow Haltermann Custom Processing U.S. Business
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The Dow Chemical Company announced the sale of its Haltermann Products U.S. Test & Reference Fuels business as well as its Dow Haltermann Custom Processing business in the U.S. associated with its Channelview site, located on Jacintoport Boulevard in Houston, Texas.
The acquiring company is Monument Chemicals, Inc. of Indianapolis, Indiana. The transaction closed at the end of February 29, 2008. The divestment includes associated product and process technology, intellectual property, and trademarks as well as the Jacintoport facility. Employees at this site will become employees of Monument Chemicals.
The Dow Haltermann Custom Processing and Haltermann Products sites and businesses in Europe and the Dow Haltermann Custom Processing facility in Freeport, Texas, remain with Dow and are not part of the transaction.