Dec 19 2006
道琼斯从中获取Wolff WalsrodeBayerAcquisition underscores Dow’s commitment to Performance businesses / Will create US Dollar 1 billion Water Soluble Polymers business for Dow
Midland, USA / Leverkusen, Germany - The Dow Chemical Company and the Bayer Group today announced that they have reached agreement for Dow to acquire Bayer’s Wolff Walsrode business group, primarily involved in cellulose products. The transaction is expected to close in the first half of 2007, subject to regulatory approval. Financial terms have not been disclosed.
对于陶氏，该协议强调了该公司致力于加强其绩效业务投资组合的承诺，这是其在推动增长时抑制收入周期性的目标的一部分。
"We continue to deliver on our strategy - the acquisition of Wolff Walsrode is another step along our path to maximize long-term shareholder value from investments into advantaged technologies, growing end-use markets and emerging geographies," said Andrew Liveris, Dow’s chairman and chief executive officer.
拜耳（Bayer）于2006年3月宣布将剥离其子公司H.C.
Starck and Wolff Walsrode AG. "I’m pleased that following the sale of H.C.
Starck，我们还找到了一个买家，为Wolff Walsrode的未来提供了有前途的观点，”拜耳管理委员会主席Werner Wenning说。“按计划，收益将有助于资助Schering的收购。”
Wolff Walsrode, with 2005 revenues of more than US Dollar 400 million, would become an integral part of Dow’s Water Soluble Polymers business.
"The acquisition will create a US Dollar 1 billion performance business for Dow. We will accelerate growth, ensure long-term supply, and offer a broad portfolio of differentiated solutions by expanding our collective expertise and capabilities," said Romeo Kreinberg, Dow’s executive vice president for the Performance Plastics and Chemicals portfolio.
道琼斯and Wolff Walsrode are complementary, bringing different products, processes, applications and expertise to the combined business. "Dow is a good strategic fit for Wolff Walsrode and our expertise is an excellent basis for further growth in cellulosics in particular," said Dr. Dieter Herzog, managing director of Wolff Walsrode.
The new business would combine Wolff’s advanced production technology and proficiency in HEMC (Hydroxyethyl Methyl Cellulose) and CMC (Carboxymethyl
Cellulose) chemistry with Dow’s leading HPMC (Hydroxypropyl Methyl
Cellulose) product brands and industry expertise. Cellulose derivatives produced by the combined businesses are used across a broad range of industry sectors, including construction materials, personal care, pharmaceuticals, food and a number of specialty applications.