Dow and Reichhold Announce FTC Clearance for Specialty Latex JV and Business Acquisition
The joint venture will have access to a broad range of latex chemistries from both companies. These products are used in a wide range of end use applications, including latex gloves, textile printing and construction applications. The joint venture will employ 400 people and have sales, marketing and research support in North America, Latin America, Europe and the Pacific.
Upon completion of the transaction, the joint venture will be headquartered in Research Triangle Park, N.C., and will operate two latex production facilities in Cheswold, Del. and Chickamauga, Ga. The joint venture will also have access to Dow’s extensive global manufacturing network. New facilities are already being planned to service fast growing markets in the Pacific.