News
Dow Divests Acetone Derivatives Division
August 14, 2019
Dow Chemical Co. has sold its Acetone Derivatives business to privately owned chemical manufacturer ALTIVIA Ketones & Additives LLC.
The deal includes production assets in Dow’s Institute, W.V. facility as well as site infrastructure, property, and utilities. Financial terms of the deal were not announced.
“This divestiture illustrates Dow’s disciplined approach to portfolio management with a best owner mindset,” said Jim Fitterling, Dow CEO. “It is beneficial to both parties and, in the case of Dow, is directly aligned with our more focused portfolio and goal of driving a higher return on invested capital.”
About Dow
Dow Chemical Co. is a global science- and technology-based company that develops and manufactures a portfolio of chemical, plastic, and agricultural products and services. For more information, visit www.dow.com.
