M&A Deal Summary

Dow Acquires Union Carbide

On August 30, 1999, Dow acquired chemicals company Union Carbide for 9.3B USD

Acquisition Highlights
  • This is Dow’s 2nd transaction in the Chemicals sector.
  • This is Dow’s 2nd largest (disclosed) transaction.
  • This is Dow’s 2nd transaction in the United States.
  • This is Dow’s 2nd transaction in Texas.

M&A Deal Summary
Date 1999-08-30
Target Union Carbide
Sector Chemicals
Buyer(s) Dow
Deal Type Add-on Acquisition
Deal Value 9.3B USD

Target

Union Carbide

Houston, Texas, United States
website
Union Carbide Corp. is a chemical and polymers company. The company possesses some of the industry's most advanced process and catalyst technologies, and operates some of the most cost-efficient, large-scale production facilities in the world.

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Buyer(S) 1

Buyer

Dow

Midland, Michigan, United States

website

Category Company
Founded 2018
Sector Chemicals
Employees37,800
Revenue 56.9B USD (2022)
DESCRIPTION
Dow Chemical's corporate headquarters in Midland, Michigan.
Dow Chemical's corporate headquarters in Midland, Michigan.

Dow Inc. is a producer of specialty chemicals, advanced materials, agrosciences and plastics and delivers a range of technology-based products and solutions to customers in sectors that include packaging, electronics, water, coatings and agriculture. Dow operates through five business segments. These include Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals and Performance Plastics. Dow Inc. was founded in 2018 and is based in Midland, Michigan.

DEAL STATS #
Overall 2 of 9
Sector (Chemicals) 2 of 9
Type (Add-on Acquisition) 1 of 5
State (Texas) 2 of 4
Country (United States) 2 of 5
Year (1999) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-25 Plastic-Lined Piping Products - The Dow Chemical

Bay City, Michigan, United States

The Plastic-Lined Piping Products business, supplying a variety of lined pipe and valves to the chemical process and industrial markets.

Sell $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-01 Ascot

London, United Kingdom

Ascot Plc, headquartered in London, is a significant speciality and fine chemicals producer.

Buy -
Mergr

Product

Company

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