Dow sells flexible packaging laminating adhesives business to Arkema [Yahoo! Finance]
ARKEMA S/ADR (ARKAY)
NASDAQ:AMEX Investor Relations:
arkema.com/en/investor-relations
Company Research
Source: Yahoo! Finance
The transaction includes five manufacturing sites across Italy, the US, and Mexico, encompassing solvent-based and solventless laminating adhesives, as well as heat-seal coating product portfolios. The deal, first announced on 2 May 2024, is part of Dow's strategic realignment to bolster its growth strategies and enhance shareholder value. The proceeds will be directed towards Dow's capital allocation priorities. Earlier this year, Dow announced its acquisition of Circulus, a mechanical recycler, with two US facilities in Ardmore, Oklahoma, and Arab, Alabama, totalling a capacity of 50,000 tonnes annually. Despite the sale, Dow retains significant interests in the adhesives sector. The company continues to hold its water-based laminating adhesives, acrylic adhesives, and adhesive solutions businesses. These sectors remain integral to Dow's ongoing growth and sustainability strategies. Arkema secured mass balance International Sustainability and Carbon Certification at its p
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News
- ARKAY Launches Global Mass Balance Solutions to Cut Carbon Footprint [Yahoo! Finance]Yahoo! Finance
- Arkema: Disclosure of Trading in Own Shares from 17 December to 20 December 2024Business Wire
- Arkema Achieves a Milestone in Its Coating Products Portfolio Carbon Footprint Reduction with the Launch of Global Mass Balance Solutions for All Coatings Technologies [Yahoo! Finance]Yahoo! Finance
- Arkema Achieves a Milestone in Its Coating Products Portfolio Carbon Footprint Reduction with the Launch of Global Mass Balance Solutions for All Coatings TechnologiesGlobeNewswire
- Arkema: Statement about the Number of Shares and Voting Rights in Compliance With the Article L.233-8 II of the French Commercial Code and the Article 223-16 of the Financial Markets Authority (AMF-Autorité des Marchés Financiers)Business Wire