Midland, Michigan - Dow Chemical Co. has completed its acquisition of Danish polyurethane systems house Edulan A/S, originally announced 18 Sept. The independent Danish operation specialises in rigid foam and elastomer formulation technologies.
Dow said that establishing a facility in Denmark means that its Dow Polyurethane Systems business will be "well positioned to meet demand for tailor-made polyurethane systems solutions in the Nordic countries." Another benefit of the location will be the possibility of capturing, "emerging demand in the growing economies of Estonia, Latvia and Lithuania."
As well as buying Edulan's business and production facility in Denmark, Dow Polyurethanes has also bought the rights to all of Edulan's formulated and field-tested systems for a broad array of PU applications. These are mainly in rigid foam, but include some elastomers for speciality uses.
"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 complementary capabilities to our portfolio," said Juan Antonio Merino, global general manager for Dow PU Systems, in Dow's 5 Nov statement.
"We see a great deal of opportunity for growth in Europe and have made a number of investments in the region recently," continued Merino. "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," he concluded.