Dow Polyurethanes To Acquire Hyperlast UK and Autothane from British Vita

07-Mar-2007

Dow polyurethanes, a business unit of The Dow Chemical Company, announced that it plans to acquire Hyperlast Limited, a United Kingdom polyurethanes elastomers systems business, and Autothane Limited, a manufacturer of advanced automotive suspension components, pending regulatory approval.

"The decision to further expand our Polyurethane Systems' capabilities in Europe supports Dow's strategy to grow our differentiated, customer-intimate Performance businesses, which can sustain value throughout the business cycle," said Pat Dawson, vice president for Dow Polyurethanes. "From a Polyurethanes business perspective, our acquisition of Hyperlast UK and Autothane is further proof of our continued commitment to preferentially invest in and grow our PU Systems business by delivering tailor-made solutions to our customers through expanding our technology offerings."

Hyperlast UK and Autothane Limited, subsidiaries of British Vita, specialize in the development of polyurethane elastomers for the marine, engineering resins, oil and gas pipeline, and automotive industries.

No further details related to the transaction were disclosed.

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