# Dow to sell flexible packaging laminating adhesives business to Arkema for $150M

Dow signed an agreement to sell its flexible packaging laminating adhesives business to Arkema, covering five manufacturing sites in Italy, the United States and Mexico. The transaction value is $150 million, and closing is expected by the end of 2024 subject to regulatory approval.

- Type: Acquisition
- Announced: 2024-05-02
- Where: Italy, United States and Mexico
- Value: $150.0M
- Status: announced
- Products: solvent-based laminating adhesives, solventless laminating adhesives, heat seal coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Dow](https://endata.com/companies/2996.md) (partner)
- [Arkema](https://endata.com/companies/7031.md) (acquirer)

## Sources

- [corporate.dow.com](https://corporate.dow.com/en-us/news/press-releases/dow-advances-strategic-focus-with-sale-of-flexible-packaging-lam.html), 2024-05-02: "The transaction value is $150 million or approximately 10 times forecasted 2024 EBITDA."
- [arkema.com](https://www.arkema.com/global/en/media/newslist/news/global/investorrelations/2024/20240502-acquisition-dow-flexible-packaging-laminating-adhesives/), 2024-05-02: "It is based on an enterprise value of US$150 million (around 10 times 2024F EBITDA) and will trigger around US$50 million of implementation costs or capex over the next three years."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.