Dow Epoxy Completes Systems Acquisitions
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Hong Kong - November 29, 2007
Dow Epoxy, a global business unit of The Dow Chemical Company and its affiliates ("Dow"), announced today that it has completed the acquisitions of three epoxy systems formulators - UPPC AG in Germany, and GNS Technologies and POLY-CARB Inc. in the United States. Dow announced its intention to acquire the three formulators on September 13, pending regulatory approvals and standard closing conditions.
"We are pleased to complete the acquisitions and add such high-performing businesses to our Epoxy Systems portfolio," said Pepe Carnevale, global business director for Dow Epoxy Systems. "All three companies are leading players in their respective markets and their vast experience in systems fits well with our rich technology. Bringing those two elements together will enable us to deliver more value to customers, including enhancements to products and services and the development of unique material solutions."
Dow Epoxy Systems and its affiliates focus on applications in civil engineering and infrastructure, composites, wind energy, and other industries where their unique technologies and systems solutions can offer performance enhancement and differentiation to customers.
"We are pleased to welcome UPPC, GNS and POLY-CARB employees onto the Dow Epoxy Systems team and look forward to the success we will achieve together," said Carnevale. "Our immediate goal is to ensure continued excellence in customer service and to begin accelerating product development and other growth activities."
About Dow Epoxy, Dow Epoxy Systems and Its Affiliates
Dow Epoxy is one of the world's largest epoxy resins and intermediates manufacturers, with strong positions in a number of major application areas, including coatings, electrical laminates and civil engineering. Dow Epoxy, through a new business unit known as Dow Epoxy Systems, also serves as a formulator for users of specialty epoxy systems in many industries, including civil engineering and infrastructure, composites, wind energy and others. More information about products and solutions from Dow Epoxy is available at www.dowepoxy.com and www.dowepoxysystems.com.
GNS Technologies specializes in providing high performance products and customized systems to thermoset polymer markets with a focus on cross-linking polymers such as epoxies, polyurethanes, polyureas, etc. used for civil engineering, industrial maintenance and steel structure coating applications. More information about GNS Technologies is available at www.gnstechnologies.com.
POLY-CARB provides epoxy products and systems in the following industries: highway bridge restoration and waterproofing, parking structures restoration and waterproofing, pavement striping and delineation, industrial floor surfacing and maintenance, corrosion control and tank linings, structural adhesives, and coatings and grouts. More information about POLY-CARB is available at www.poly-carb.com.
UPPC: A leading systems and hardeners supplier deeply seated in the civil engineering, specialty coatings and composites industries, as well as select specialty markets. The unit is based out of Baltringen, Germany. More information about UPPC is available at www.uppc.de.
About Dow
Dow is a diversified chemical company that harnesses the power of innovation, science and technology to constantly improve what is essential to human progress. The Company offers a broad range of products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $49 billion and employs 43,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
For Editorial Information:
David Cameron
The Dow Chemical Company
+1 248 391 6376
Marielle Jaeger
Dow Europe GmbH
+41 44 728 2246
Juliana Monteiro
Dow Brasil SA
+55 11 51889118
Catherine Fu
Dow Chemical (China) Investment Ltd.
+86 21 2301 9184
