Dow Chemical Completes Sale Of ANGUS Chemical Company To Golden Gate Capital

(RTTNews) - The Dow Chemical Company (DOW) announced the completed sale of ANGUS Chemical Company to Golden Gate Capital. The company finalized the divestiture of its Sodium Borohydride business to Vertellus Performance Chemicals LLC and certain of its affiliates.

Together, these previously committed divestitures total more than $1.4 billion in gross proceeds to Dow and illustrate the company's drive to maximize value across its integrated portfolio - pointing resources toward more strategic uses. Since 2013, the company has signed or completed transactions that are expected to generate $2.9 billion in proceeds.

The company said that the sale of ANGUS Chemical Company includes the business headquarters and R&D facility in Buffalo grove, IL; manufacturing facilities located in Sterlington, LA and Ibbenbueren, Germany; a packaging facility in Niagara Falls, NY; as well as the associated business, working capital, customer contracts, process technology, business know-how and certain intellectual property.

The divestiture of Sodium Borohydride includes a manufacturing facility located in , the associated business, inventory, customer contracts and lists, process technology, business know-how and certain intellectual property.

Dow had previously announced its intent to divest these businesses on Oct. 2, 2014, demonstrating the Company's commitment to divest non-strategic businesses and assets and its ongoing focus on shareholder value creation.