Dow Epoxy Announces Three Strategic Acquisitions to Grow Systems Business
UPPC AG, POLY-CARB and GNS Technologies to Join New Dow Epoxy Systems Unit
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Dow Epoxy, a global business unit of The Dow Chemical Company, announced the signing of definitive agreements to acquire UPPC AG in Germany, and POLY-CARB Inc. and GNS Technologies in the United States. Each of these businesses is a leading epoxy systems formulator in its region. Dow expects to complete each acquisition within 30 to 45 days. Financial terms of the transactions were not disclosed.
According to the company, these acquisitions are consistent with Dow's strategy to invest in its downstream performance businesses. For Dow Epoxy, the acquisitions will accelerate the growth and geographic expansion of its new Dow Epoxy Systems business unit, which launched earlier this year. Dow Epoxy Systems offers solution-based epoxy systems to the industry.
Dow Epoxy Systems will focus on applications in civil engineering, specialty protective coatings, composites, wind energy, and other industries where Dow's unique technology and systems solutions can offer performance enhancement and differentiation to customers.
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