Dow Polyurethanes Completes Acquisition of Hyperlast Systems Business
Dow Polyurethanes, a business group of The Dow Chemical Company (Dow), announced today that it has completed the acquisition of British Vita’s polyurethane systems business, Hyperlast Limited. The Hyperlast acquisition includes elastomer systems enterprises in the United Kingdom and North America as well as Autothane Limited, a leading manufacturer of advanced automotive suspension components.
Dow announced its intention to acquire Hyperlast on March 5, pending regulatory approval. The acquisition supports Dow’s strategy to drive growth in its Performance portfolio in order to generate more consistent earnings. The addition of Hyperlast expands Dow’s ability to produce innovative spray cast elastomers for the marine, engineering resin, oil and gas pipeline and automotive industries for its customers around the globe.
“Our acquisition of Hyperlast further underscores our commitment to provide our customers with the most advanced polyurethane system technologies. As a market leader in the polyurethanes industry, we continually strive to be at the forefront of industry innovation and development in order to offer our customers a broad portfolio of tailored solutions,” said Juan Antonio Merino, global general manager for Dow Polyurethane Systems.
Dow Polyurethane (PU) Systems is a leading global polyurethanes solutions provider, with 23 facilities located across Europe, Asia, Middle East and Africa, North and Latin America, where it develops high-performance, differentiated polyurethane system solutions for customers in a broad range of industries. Dow is also a leading producer of propylene oxide/propylene glycol (PO/PG), methyl diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyols, the raw materials used in the production of polyurethane systems, coatings, adhesives, sealants, and elastomers, as well as rigid, flexible and integral skin foams.
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