Transilwrap buying Dow Chemical’s global specialty films business
Specialty film product maker Transilwrap Company is acquiring the specialty films business of the Dow Chemical Company.
The terms of the deal have not been disclosed. The acquisition is targeted to close by the end of the second quarter of 2016.
The deal includes Dow’s manufacturing plants in Hebron, Ohio, and Drusenheim, France. The business makes medical and packaging applications, including beverage closure liners, ostomy appliances, window envelope films, labels, and protective fabrics.
“Dow’s film technologies, market focus and geographic presence support accelerated growth and global expansion in Transilwrap’s strategic market segments including healthcare and packaging.” said Andy J. Brewer, president and CEO of Franklin Park, Ill.-based Transilwrap. “Dow’s specialty films business is well regarded in the industry for strong technical expertise and globally recognized brands associated with quality, reliability and leadership and we look forward to working with their existing management team to drive new business opportunities forward.”
Transilwrap and operates 10 manufacturing and converting facilities throughout North America and 3 in Europe.