Dow to Acquire Wolff Walsrode from Bayer

19-Dec-2006

The Dow Chemical Company and the Bayer Group today announced that they have reached agreement for Dow to acquire Bayer's Wolff Walsrode business group, primarily involved in cellulose products. The transaction is expected to close in the first half of 2007, subject to regulatory approval. Financial terms have not been disclosed.

Wolff Walsrode, with 2005 revenues of more than US Dollar 400 million, would become an integral part of Dow's Water Soluble Polymers business. According to the company, Dow and Wolff Walsrode are complementary, bringing different products, processes, applications and expertise to the combined business.

The new business would combine Wolff's advanced production technology and proficiency in HEMC (Hydroxyethyl Methyl Cellulose) and CMC (Carboxymethyl Cellulose) chemistry with Dow's HPMC (Hydroxypropyl Methyl Cellulose) product brands and industry expertise. Cellulose derivatives produced by the combined businesses are used across a broad range of industry sectors, including construction materials, personal care, pharmaceuticals, food and a number of specialty applications.

Other news from the department business & finance

These products might interest you

Spinsolve Benchtop NMR

Spinsolve Benchtop NMR by Magritek

Spinsolve Benchtop NMR

Spinsolve is a revolutionary multinuclear NMR spectrometer that provides the best performance

Eclipse

Eclipse by Wyatt Technology

FFF-MALS system for separation and characterization of macromolecules and nanoparticles

The latest and most innovative FFF system designed for highest usability, robustness and data quality

HYPERION II

HYPERION II by Bruker

FT-IR and IR laser imaging (QCL) microscope for research and development

Analyze macroscopic samples with microscopic resolution (5 µm) in seconds

FT-IR microscopes
Loading...

Most read news

More news from our other portals

So close that even
molecules turn red...