Sector News

SK Innovation acquires Dow Chemical's ethylene acrylic acid business

February 2, 2017
Chemical Value Chain

South Korea’s SK Innovation said on Thursday it will acquire Dow Chemical Co’s ethylene acrylic acid (EAA) business in a bid to boost its efforts to lead high-value added chemical markets.

SK Global Chemical Co Ltd, a unit of SK Innovation, signed the acquisition deal worth $370 million, SK Innovation said in a filing to the stock exchange.

Under the deal, SK Global Chemical will take over Dow Chemical-owned assets and the EAA business in the United States and Spain, the company said.

By Jane Chung

Source: Reuters

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