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The merger creates the second-biggest U.S. chemical company, behind DuPont. Dow is a major supplier of raw materials, including epoxy and latex resins, solvents, acrylic monomers, polyurethane resins, and a variety of additives. Union Carbide is a major supplier of coatings resins, emulsions, solvents, intermediates and additives.
Dow has announced an agreement to sell its global ethyleneamines business to a subsidiary of Huntsman Corp. Terms were not disclosed. Huntsman said the acquisition provides a complement to the company’s existing amines business and expands its global polyurethanes business by adding polyol and urethane-catalyst production.
Separately, Dow reportedly will sell its ethanolamines business to Ineos Acrylics UK Ltd.