Purchased of Rubber Agreement by vas20779


More Info
									 Business Briefs
Mallard Creek Polymers and Dow Reichhold Announce Sale

Charlotte and Research Triangle Park, N.C. – September 23, 2008 – Mallard Creek Polymers, Inc., a privately held manu-
facturer of a broad range of specialty emulsion polymer products, and Dow Reichhold Specialty Latex announced today that
Mallard Creek Polymers has purchased a portfolio of performance polymer products and related assets from Dow Reichhold.
   Mallard Creek Polymers has purchased product formulas, trademarks and patents for approximately 50 specialty latex
products used in the adhesives, coatings, construction, nonwovens, packaging, personal care, specialty paper and textile
industries. Financial terms of the transaction were not released. Dow Reichhold had previously announced the closure of
the joint venture between The Dow Chemical Company and Reichhold, Inc., and sale of various assets. This agreement with
Mallard Creek Polymers is the final sale of Dow Reichhold commercial assets, including products and technology, as the
company completes the orderly closure of its operations.
   Mallard Creek Polymers will now have a broader portfolio of performance polymers and expertise to serve the industrial
and consumer marketplace.
   “This acquisition enables us to accelerate our strategy of differentiated service and innovation and further demonstrates
our commitment to the industry and our customers,” said H. Aaron Parekh, President and CEO of Mallard Creek Polymers.
“We are building an entrepreneurial, innovative and versatile polymer supplier for the industry, committed to partnering with
our customers to bring forward unique solutions.”
   “We believe this agreement between Mallard Creek Polymers and Dow Reichhold offers an excellent opportunity for our
customers and the marketplace to have continued access to innovative products and excellent service,” said Jeffery Welker,
President of Dow Reichhold.

To top