19-Nov-2009 - Dow Corning Corporation

Dow Corning acquires U.S. and Brazilian silicon metal manufacturing assets from Globe Speciality Metals

Dow Corning Corporation has acquired two chemical grade silicon manufacturing assets from Globe Specialty Metals, in an acquisition valued at approximately $175 million (USD). Dow Corning purchased 100 percent of Globe Metais Indústria e Comércio S.A., a silicon metal manufacturer in Pará, Brazil, which will immediately begin operating as Dow Corning Metais do Pará Ltda.

Dow Corning has also acquired a 49 percent interest in Globe Metallurgical Inc.’s silicon manufacturing operation in Alloy, West Virginia (U.S.A.), WVA Manufacturing LLC. The operation will continue to operate as WVA Manufacturing LLC.

“These acquisitions offer Dow Corning an even more efficient and stable supply of silicon metal,” said Robert Hansen, Dow Corning’s executive vice president and general manager of Core Products. “This is yet another step to position ourselves to better serve our customers’ needs.”

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    Globe Specialty Metals Inc.

    Globe Specialty Metals Inc., is among the world's largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. Our customers include major silicone chemical, aluminum and steel manufacturers ... more