Dow has completed the sale of its flexible packaging laminating adhesives business to Arkema for $150 million. The sale includes five manufacturing sites in Italy, the United States and Mexico, as well as the business's Solvent-Based and Solventless Laminating Adhesives and Heat Seal Coating product portfolios.

The sale is part of Dow's broader strategy to focus on its core, high-value downstream markets. The company plans to use the proceeds from the sale to support its capital allocation priorities, including value-creating growth investments.

"We are pleased to announce the successful completion of this divestiture, a strategic move that aligns with Dow's long-term vision. This transaction not only strengthens our core business but also positions us for future growth and innovation," said Karen S. Carter, president of Packaging & Specialty Plastics at Dow. "By focusing on our key strengths, we can enhance our ability to deliver value to our customers and stakeholders."

Dow will retain its water-based laminating adhesives, acrylic adhesives and adhesive solutions businesses, which remain core to its growth and sustainability strategies.

The sale to Arkema was first announced in May 2024.