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Dow to Sell Some Building Solutions Assets; Buys Stevens Roofing

10:03 AM MDT | July 22, 2008 | Chemical Week Editorial Staff

Dow Chemical says it has agreed to sell certain assets of Dow Building Solution’s Trymer-brand, polyisocyanurate rigid (PIR) foam business to Illinois Tool Works (ITW; Glenview, IL). Financial terms were not disclosed. The agreement includes manufacturing assets located at Dow’s LaPorte, TX site as well as customer lists, inventory, trademark rights, and a license to other applicable intellectual property rights. The deal also provides for Dow to exclusively supply ITW with extruded polystyrene pipe insulation billets for the mechanical insulation...

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