MIDLAND, MI - The Dow Chemical Co. announced an agreement to acquire the acrylates business of Celanese AG, a purchase that includes inventory, intellectual property and technology for crude acrylic acid, glacial acrylic acid, ethyl acrylate, butyl acrylate, methyl acrylate and 2-ethylhexyl acrylate. Dow also will acquire acrylates production assets at the Celanese Clear Lake, TX, facility.

In related agreements, Celanese will provide certain contract manufacturing services to Dow, and Dow will supply acrylates to Celanese for use in emulsions production. The transaction is subject to regulatory approvals.

Acrylic acid is used to produce acrylic esters, basic materials for the manufacture of acrylic latex emulsions used in coatings, paint, adhesives and textiles.