Dow Completes Acquisition of Celanese’s Acrylates Business

Midland, MI - February 02, 2004

The Dow Chemical Company announced today that it has completed the acquisition of the Celanese acrylates business. The agreement to acquire the Celanese acrylates business was announced by Dow and Celanese on September 12, 2003.

As a result of this transaction, Dow acquires the acrylates production assets at the Celanese Clear Lake, Texas, facility and Celanese's acrylates product line, including intellectual property, inventory and technology for crude acrylic acid, glacial acrylic acid, ethyl acrylate, butyl acrylate, methyl acrylate and 2-ethylhexyl acrylate. In related agreements, Celanese will provide certain contract manufacturing services to Dow, and Dow will supply acrylates to Celanese for use in its emulsions production.

According to Ted Cosse, business vice president of Dow's Acrylics, Solvents, and Intermediates business, "As a result of this transaction, we extend Dow's propylene chain to include acrylic acid and esters, which supports higher value, less cyclical downstream markets. We now have the breadth and depth to participate globally in the merchant market for these products and at the same time, reach our goal of complete acrylic acid integration for our Superabsorbent Products business."

With the acquisition, Dow becomes one of the largest global producers of acrylate esters. In addition to the Clear Lake plant, Dow acquires the technology of its Boehlen, Germany, plant, which was initially operated through agreements with Celanese. Additionally, Dow has acrylates manufacturing at the Union Carbide St. Charles Operations in Louisiana.

Acrylic acid is used to produce acrylic esters and superabsorbent polymers. Major end uses for acrylic esters include acrylic latex emulsions that are used in paper, paints and coatings, textiles, and adhesives. Superabsorbent polymers are used primarily in disposable diapers and other absorbent personal care products.

For Editorial Information:

Amy Ahlich
The Dow Chemical Company
989-636-3587


Products Applications Technical Information Acrylic Monomers News Contact Us	Dow Completes Acquisition of Celanese’s Acrylates Business Midland, MI - February 02, 2004 The Dow Chemical Company announced today that it has completed the acquisition of the Celanese acrylates business. The agreement to acquire the Celanese acrylates business was announced by Dow and Celanese on September 12, 2003. As a result of this transaction, Dow acquires the acrylates production assets at the Celanese Clear Lake, Texas, facility and Celanese's acrylates product line, including intellectual property, inventory and technology for crude acrylic acid, glacial acrylic acid, ethyl acrylate, butyl acrylate, methyl acrylate and 2-ethylhexyl acrylate. In related agreements, Celanese will provide certain contract manufacturing services to Dow, and Dow will supply acrylates to Celanese for use in its emulsions production. According to Ted Cosse, business vice president of Dow's Acrylics, Solvents, and Intermediates business, "As a result of this transaction, we extend Dow's propylene chain to include acrylic acid and esters, which supports higher value, less cyclical downstream markets. We now have the breadth and depth to participate globally in the merchant market for these products and at the same time, reach our goal of complete acrylic acid integration for our Superabsorbent Products business." With the acquisition, Dow becomes one of the largest global producers of acrylate esters. In addition to the Clear Lake plant, Dow acquires the technology of its Boehlen, Germany, plant, which was initially operated through agreements with Celanese. Additionally, Dow has acrylates manufacturing at the Union Carbide St. Charles Operations in Louisiana. Acrylic acid is used to produce acrylic esters and superabsorbent polymers. Major end uses for acrylic esters include acrylic latex emulsions that are used in paper, paints and coatings, textiles, and adhesives. Superabsorbent polymers are used primarily in disposable diapers and other absorbent personal care products. For Editorial Information: Amy Ahlich The Dow Chemical Company 989-636-3587
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