Dow Completes Sale of Styron Business

摘要

Dow Chemical says it has completed the sale of its styrenics unit, Styron, to Bain Capital (Boston) for $1.63 billion. Dow placed Styron up for sale in July 2009 and announced in March that it would sell to Bain Capital. Styron has total sales of about $3.7 billion/year. The deal includes Dow's styrene-butadiene latex, styrene-butadiene rubber, polycarbonate, acrylonitrile butadiene styrene/styrene acrylonitrile resins, expandable polystyrene, polystyrene and styrene monomer units. Also included in the deal are several long-term supply, service and purchase agreements valued at about $400 million, sources say.