Dow Inc.
Dow Inc. Announces Strategic Infrastructure Sale to Macquarie Asset Management
Summary
On December 9, 2024, Dow Inc. announced through a press release that its subsidiary, The Dow Chemical Company (TDCC), has agreed to sell at least 40% of the membership interests in Dow InfraCo, LLC, to Macquarie Asset Management, a subsidiary of Macquarie Group, for approximately $2.4 billion. This transaction, expected to close in the first half of 2025, subject to regulatory approvals, includes an option for Macquarie to increase its stake to 49% within six months, potentially adding up to $0.6 billion in additional cash proceeds. The new partnership, Diamond Infrastructure Solutions, will focus on operational efficiencies and serve industrial customers at five U.S. Gulf Coast sites. The sale aims to enhance Dow's financial flexibility and facilitate reinvestment in high-growth opportunities.
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About Dow Inc.
Dow Inc. is a leading player in the global chemical manufacturing sector, known for its integrated, market-driven portfolio that delivers a broad range of differentiated science-based products and solutions. Its primary function is to provide materials critical for a multitude of industries, including packaging, infrastructure, consumer care, and electronics. With a robust presence in over 160 countries, Dow leverages its advanced production techniques and research and development capabilities to produce a diverse array of innovative materials, from performance plastics and coatings to silicones and other specialty chemicals. Dow's extensive product offerings cater to various industries by addressing essential needs such as durability, sustainability, and performance enhancement. The company boasts a commitment to sustainability, striving to reduce its environmental footprint while enabling its clients to achieve their sustainability goals. Established as a core pillar in the chemical industry, Dow Inc. plays a vital role in fostering industrial growth and facilitating advancements in technology and efficiency across multiple sectors.
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