Add-on Acquisition • Chemicals

Dow Acquires Union Carbide

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date August 30, 1999
Target Union Carbide
Sector Chemicals
Buyer(s) Dow
Deal Type Add-on Acquisition
Deal Value 9.3B USD

Target Company

Union Carbide

Houston, Texas, United States
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 Overview 1

Buyer

Dow

Midland, Michigan, United States

Category Company
Founded 2018
Sector Chemicals
Employees37,800
Revenue 43.0B USD (2024)
DESCRIPTION
Dow Chemical's corporate headquarters in Midland, Michigan.
Dow Chemical's corporate headquarters in Midland, Michigan.

Dow produces 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 was founded in 2018 and is based in Midland, Michigan.


Deal Context for Buyer #
Overall 2 of 10
Sector: Chemicals 2 of 9
Type: Add-on Acquisition 1 of 6
State: Texas 2 of 5
Country: United States 2 of 6
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 Co.

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 -