Dow advances its mechanical recycling offering by agreeing to acquire Circulus, a North American polyethylene recycler [Yahoo! Finance]
Dow Inc. (DOW)
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Source: Yahoo! Finance
MIDLAND, Mich. June 20, 2024 /PRNewswire/ -- Today, Dow (NYSE: DOW) announced it has signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin (PCR). This transaction includes two facilities, one in Ardmore, Oklahoma , and another in Arab, Alabama , with a total capacity of 50,000 metric tons per year. Dow expects the transaction to close in the third quarter of 2024, subject to customary regulatory approval. "This acquisition will allow Dow to combine our Company's industry leading materials science technology with Circulus' film recycling expertise to accelerate progress towards our 2030 Transform the Waste goal," said Karen S. Carter , president, Packaging & Specialty Plastics. "It will also expand how we participate in the industry, allowing us to generate value for our customers by directly producing more higher performing circular products that brands and consumers are demanding." Dow's expertise in materials science and high-perf
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