Dow Polyurethanes to Acquire Denmark’s Edulan A/S

Expands geographic reach into Scandinavian and Nordic countries.

The Dow Chemical Company announced today that it will acquire Danish company Edulan A/S, an independent polyurethane (PU) systems house specializing in rigid foam and elastomer technologies. The deal, which is subject to regulatory approval, will expand Dow Polyurethane Systems, a business unit within Dow Polyurethanes, significantly enhancing its activities in northern Europe by strengthening its presence in Scandinavia and across the Nordic region.

In addition to Edulan’s business and production facility in Denmark, Dow will also acquire rights to all of its rigorously formulated and field-tested systems, which can be further developed into tailored solutions.

“This acquisition continues our strategy of patient, disciplined investment to grow our Performance businesses in a way that will bring significant value to our customers and create long-term opportunities for Dow,” said Juan Antonio Merino, general manager, Dow Polyurethane Systems. “Edulan not only offers us an excellent position in northern Europe, it also expands our portfolio of PU systems technology, helping us to provide our customers with solutions that are tailor-made to their very specific need.”

Edulan sells a broad array of polyurethane systems, mainly into the rigid foam market, as well as elastomers for specialties applications. By establishing a base in Denmark, Dow Polyurethane Systems will be well positioned to meet customer demand for customized polyurethane systems in the Nordic countries, as well as capture emerging demand in the growing economies of Estonia, Latvia and Lithuania.

According to Merino, Dow Polyurethane Systems has been aggressively pursuing growth opportunities and strengthening its global portfolio through a combination of strategic acquisitions and joint ventures. The business formed a joint venture with a Russian market leader in PU systems, Izolan, in August 2006. And in May this year, Dow acquired British Vita’s U.K.-based polyurethane systems business, Hyperlast Limited - now operating as Dow Hyperlast* - which specializes in innovative spray cast elastomers for the marine, engineering resin, oil and gas pipeline and automotive industries.