Dow Chemical in Divestment of Global Polypropylene Licensing and Catalyst Business to WR Grace

Cleary Gottlieb is advising The Dow Chemical Company on the antitrust aspects of its $500 million sale of its global Polypropylene Licensing and Catalyst business to WR Grace. The transaction is expected to close by the end of 2013.

Over the past several years, Cleary Gottlieb has advised Dow Chemical on transactions that are part of Dow’s strategy to realign its businesses to become the top specialty chemical company in the world, including the sale of its global polypropylene business to Braskem (2011), the $1.63 billion sale of its Styron business unit to Bain Capital Partners (2010), the sale of Morton Salt to K+S (2009), the sale of its calcium chloride business to Occidental Petroleum (2009), and in obtaining U.S. Federal Trade Commission and European Commission clearance of its $18.8 billion acquisition of Rohm and Haas (2009).