People & Business :: Companies
Dow and Reichhold to Wind Down Latex JV
10:27 AM MDT | August 26, 2008 | Robert Westervelt
Dow Reichhold Specialty Latex, a 50/50 joint venture of Dow Chemical and Reichhold, says it will cease business activities before year-end. Dow and Reichhold say the shut down includes the planned sale of certain business assets and closure of all facilities. “Continued operation of the jv does not fit into the strategic plans of either Reichhold or Dow,” says a Dow Reichhold spokesperson. The sale is expected to close within 30 days. Other terms were not disclosed. The jv employs 203. Dow Chemical says it will buy back the business assets that it...
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