Dow to Acquire Celotex Corporation's Rigid Foam Insulation Business
The purchase also includes five manufacturing facilities located in Charleston, IL; Elizabethtown, KY; Pennsauken, NJ; Texarkana, AR; and Tracy, CA.
Celotex product brands — Tuff-R, Super Tuff-R, Sturdy-R and Thermax Insulating Sheathing; HY-Therm Nail Line Roof Insulation; Celo-Vent Insulated Shingle Deck; and Tuff-Wrap Air Infiltration Barrier — are included in the purchase. The Celotex name will remain with the Celotex Corporation. The closing date for the purchase is expected within a month or so.
"Adding a full line of high performance, polyisocyanurate foam insulation products to our existing line of STYROFOAM* brand insulation extruded polystyrene products allows us to offer homebuilders, architects, specifiers, building owners and consumers a more robust product offering to meet diverse residential and commercial building needs," said John Somerville, Commercial Director, North America Building Materials, Fabricated Products, The Dow Chemical Company.
"Celotex brand foam insulation products have many years of proven performance, which is an excellent complement to the more than 54 years of success we've enjoyed with STYROFOAM brand insulation," Somerville added. "Additionally, we have vastly expanded our foam insulation technology with this transaction. We are eager to explore new product applications and enhancements to existing products to deliver even greater value to our customers."
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