Transilwrap to Acquire Dow Chemical’s Global Specialty Films Business
Transilwrap Company, Inc., Franklin Park, IL/USA, a value-added manufacturer, converter and distributor of specialty film products, has signed a letter of intent to acquire The Dow Chemical Company’s global Specialty Films business. The acquisition is targeted to close by the end of 2Q 2016 and is subject to consultation of the French Works Council and closing conditions, including regulatory filings and local employment law and governance obligations in Europe.
In November 2013, The Jordan Company, in partnership with the existing management team, acquired Transilwrap as a platform to build a leading global specialty films company. Dow’s Specialty Films business represents a meaningful acquisition under Jordan’s ownership as it supports accelerated growth and global expansion in Transilwrap’s strategic market segments. Dow’s specialty films’ facilities and employees will continue to operate as they do today as part of Transilwrap Company Inc.
Dow’s specialty films business has over 50 years of expertise in providing film solutions used in medical, packaging and industrial markets and specializes in the production of blown oriented polystyrene films and co-extruded multilayer barrier and polyolefin films for global customers, through manufacturing facilities in Hebron, Ohio and Drusenheim, France. “Dow’s film technologies, market focus and geographic presence support accelerated growth and global expansion in Transilwrap’s strategic market segments including healthcare and packaging.” said Andy J. Brewer, President & CEO of Transilwrap. “Dow’s specialty films business is well regarded in the industry for strong technical expertise and globally recognized brands associated with quality, reliability and leadership and we look forward to working with their existing management team to drive new business opportunities forward.”
The Dow Chemical Group Company
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