Dow buys rigid foam
24 Jul 2001
The Dow Chemical Company has agreed to purchase the assets of the Celotex Corporation's rigid foam insulation business.
The purchase includes all Celotex brand polyisocyanurate insulation products for residential and commercial markets, as well as other accessory products. The new business will be integrated into Dow's North American Building Materials business.
Terms of the agreement were not disclosed.
The purchase includes five manufacturing facilities located in Charleston, IL; Elizabethtown, KY; Pennsauken, NJ; Texarkana, AR; and Tracy, CA. About 250 Celotex people in manufacturing, sales, technical service and research and development are involved in the transaction.
Celotex product brands - Tuff-R, Super Tuff-R, Sturdy-R and Thermax Insulating Sheathing; HY-Therm Nail Line Roof Insulation; Celo-Vent Insulated Shingle Deck; and Tuff-Wrap Air Infiltration Barrier - are included in the purchase. The Celotex name will remain with the Celotex Corporation.
