Dow sells custom processing businesses
Mar 14, 2008 9:32 AM
Dow Chemical Co, Midland MI, has sold its Haltermann Products US Test and Reference Fuels business, as well as its Dow Haltermann Custom Processing business in the United States associated with its Channelview TX site located on Jacintoport Boulevard in Houston TX.
Dow said the acquiring company is Monument Chemicals Inc, Indianapolis IN. The divestment includes associated product and process technology, intellectual property, and trademarks, as well as the Jacintoport facility. Employees at this site will become employees of Monument Chemicals.
The Dow Haltermann Custom Processing and Haltermann products sites and businesses in Europe and the Dow Haltermann Custom Processing facility in Freeport TX remain with Dow and are not part of the transaction, according to the Dow information.
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