DOW JONES NEWSWIRES, JUNE 29, 2006
Dow Chemical Co. (DOW) said Wednesday evening that it plans to buy China’s Zhejiang Omex Environmental Engineering Co. Ltd. to increase its water components portfolio.
The Midland, Mich. producer of plastics, chemicals, hydrocarbons and herbicides didn’t disclose terms of the agreement.
Dow Chemical said the acquisition will allow it to expand into three critical, enabling component technologies for water treatment: Ultrafiltration, Membrane Bio-Reactor membranes, and Electrodeionization.
The OEE purchase will bring new components that, together with Dow’s existing technology offerings, will create the framework for a new Dow Water Solutions business.