Dow: Business Division Sold Off
Dow Automotive, Auburn Hills, USA, is selling its sealer and damper business in Europe and India, the Middle East and Africa (IMEA). The purchaser is a group of investors led by Katzberg AG, Küsnacht, Switzerland. The new company formed to incorporate this business is called Revocoat SAS and is headquartered in St. Just, France. The sale includes the manufacturing facility and R&D lab in St. Just, the production facilities in Camarma, Spain, and Dow’s participation in Anabond-Essex, Chennai, India. Talks are also underway for Revocoat to take over Dow Automotive’s business in Asia and Latin America.
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