Dow completes Hyperlast acquisition
Dow Polyurethanes has announced today that it has completed the acquisition of British Vita’s PU systems business, Hyperlast Ltd. This acquisition includes elastomer systems enterprises in the UK and North America as well as Autothane Ltd, a manufacturer of automotive suspension components.
The acquisition expands Dow’s ability to produce innovative spray cast elastomers for the marine, engineering resin, oil and gas pipeline and automotive industries.
“Our acquisition of Hyperlast further underscores our commitment to provide our customers with the most advanced polyurethane system technologies. As a market leader in the polyurethanes industry, we continually strive to be at the forefront of industry innovation and development in order to offer our customers a broad portfolio of tailored solutions,” said Juan Antonio Merino, global general manager for Dow Polyurethane Systems. “Adding complementary technologies to the Dow PU Systems’ toolbox and solidifying the business’s regional presence around the globe enable us provide the best service to our diverse customers and meet their specific formulation needs in a focused and cost-competitive way.”
As global demand for PU products continues to rise across all market segments, Dow takes steps to ensure the reliability of supply and service for customers in all geographies. In April 2007, the company inaugurated a market development and prototyping laboratory in Cairo, Egypt. The facility will support the development as well as the manufacturing and commercialising of products for a vast array of applications. A similar laboratory was established in China in 2005; another one will be opened in Spain by the end of 2007.
Dow announced its intention to acquire Hyperlast on 5 March 2007, pending regulatory approval. It is the fourth transaction geared at growing the specialty capabilities that the business has completed since 2000, with the previous being a joint venture with Izolan, a Russian PU systems house, under the name Dow Izolan in August 2006; the acquisition of Italy’s EniChem PU business in September 2001; and the acquisition of General Latex in March 2000.