RESEARCH TRIANGLE PARK, NC – Dow Reichhold Specialty Latex, a 50/50 joint venture between The Dow Chemical Co. and Reichhold Inc., has announced the planned sale of certain business assets, the permanent closure of all facilities and the intention to cease all business activities before the end of 2008.

The Dow Chemical Co. intends to buy back those business assets originally contributed by Dow at the time of constitution of the joint venture and will serve the respective customers directly in the future.
Dow Reichhold is also pursuing the sale of certain other business assets originally contributed by Reichhold to the joint venture.

Dow Reichhold will close its headquarters in Research Triangle Park, NC, a manufacturing facility in Cheswold, DE, the company’s Asia-Pacific offices in Penang, Malaysia, and a laboratory and office in Shanghai, China.