SWITZERLAND/USA: Dow Automotive Increases Global Presence; Plans Gurit-Essex AG Acquisition
The Dow Chemical Company (NYSE: DOW - news), through its business unit, Dow Automotive, has reached an agreement with Gurit-Heberlein AG to acquire the 50 percent interest in Gurit-Essex AG that it does not currently own. Gurit-Essex is the largest European supplier of automotive adhesives, sealants and body engineered systems for the automotive OEM and aftermarket. Terms of the agreement were not disclosed.
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