Dow Reichhold Specialty Latex Joint Venture Begins Operations
The joint venture has access to a broad range of latex chemistries from both companies. These products are used in a wide range of end use applications, including latex gloves, textile printing and construction applications. The joint venture employs 400 people and has sales, marketing and research support in North America, Latin America, Europe and the Pacific.
Dow Reichhold Specialty Latex LLC is headquartered in Research Triangle Park, North Carolina, and will operate two latex production facilities in Cheswold, Del., and Chickamauga, Ga. Dow Reichhold Specialty Latex LLC also has access to Dow's extensive global manufacturing network. New facilities are already being planned to service fast growing market segments in the Pacific.
Regarding the acquisition of Reichhold's carpet and paper latex businesses, Cosse added, "Reichhold is a respected leader in the carpet industry and has proven technology for the coated paper industry. Dow's paper and carpet latex businesses will be even stronger as a result of this acquisition."
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