Business
Dow completes $121MM sale of Telone™ soil fumigation product line
Dow (NYSE: DOW) announced today the completion of the sale of Telone™, a soil fumigation product to TriCal Soil Solutions, Inc., a leading distributor and applicator of soil fumigation products. This transaction is consistent with Dow's best-owner mindset strategy of focusing on its core operations.
About this update from Dow Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Transaction enables the Company to further focus on core, high-value downstream markets","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Proceeds will be used to support Dow's balanced capital allocation approach","length":79,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":166,"olType":false},{"type":"text","content":"MIDLAND, Mich., May 1, 2025 /PRNewswire/ -- Dow (NYSE: DOW) announced today the completion of the sale of Telone™, a soil fumigation product to TriCal Soil Solutions, Inc., a leading distributor and applicator of soil fumigation products. This transaction is consistent with Dow's best-owner mindset strategy of focusing on its core operations.","length":358,"tagName":"p"},{"type":"image","alt":"Dow, Inc. (PRNewsfoto/The Dow Chemical Company)","displaySize":"","headline":null,"caption":"Dow, Inc. (PRNewsfoto/The Dow Chemical Company)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":320,"url":"https://media.zenfs.com/en/prnewswire.com/29f724509730ec499fa49d672467e82c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/j5bSZHRjNXBL2nMVQtX6ew--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU2NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/29f724509730ec499fa49d672467e82c","width":400,"height":320}},"href":"https://mma.prnewswire.com/media/1556013/The_Dow_Chemical_Company_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We are pleased to announce the successful completion of this divestiture, a move that aligns with Dow's strategy to focus on its core, downstream markets," said Marco ten Bruggencate, president of Dow's Industrial Intermediates & Infrastructure operating segment. "The Telone product line will benefit from focused investments to capitalize on growth in the agricultural market segments it serves."","length":431,"tagName":"p"},{"type":"text","content":"The transaction value is $121 million or approximately 10x 2024 Operating EBITDA.","length":81,"tagName":"p"},{"type":"text","content":"About DowDow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focus...