Nov 6 2007
The Dow Chemical Company announced today that it has completed the acquisition of Edulan A/S, an independent polyurethane (PU) systems house specializing in rigid foam and elastomer formulation technologies. In addition to Edulan’s business and production facility in Denmark, Dow also acquired rights to all of its formulated and field-tested systems for a broad array of polyurethane applications, mainly in the rigid foam market, as well as elastomers for specialties applications. Dow announced its intention to acquire Edulan on September 18, pending regulatory approval.
By establishing a facility in Denmark, Dow Polyurethane Systems, a business unit within Dow Polyurethanes, will be well positioned to meet demand for tailor-made polyurethane systems solutions in the Nordic countries, as well as capture emerging demand in the growing economies of Estonia, Latvia and Lithuania.
“Dow continues to make significant investments in Performance businesses were we can create additional value for our customers and long-term value for Dow by adding complimentary capabilities to our portfolio,” said Juan Antonio Merino, global general manager for Dow PU Systems. “We see a great deal of opportunity for growth in Europe and have made a number of investments in the region recently. The acquisition of Edulan has allowed us to expand our technology offering and formulation expertise to further address a broad range of customer needs and to better serve customers in the Nordic and Baltic regions.”