Dow Inc. has signed an agreement to sell its 50% interest in DowAksa Advanced Composites Holdings BV to its joint venture partner Aksa Akrilik Kimya Sanayii A.Ş. for $125 million. The sale is expected to close in the third quarter of 2025, subject to regulatory approvals. Dow’s decision to exit the joint venture is part of its strategy to focus on core, high-value businesses. The proceeds from the sale will be used to support Dow’s balanced capital allocation approach.
The joint venture was formed in 2012, and Dow’s exit is consistent with its goal of prioritizing its core businesses. BNP Paribas acted as Dow’s exclusive financial advisor on the transaction. Dow is a leading materials science company with operations in 30 countries and approximately 36,000 employees. The company delivered sales of $43 billion in 2024 and aims to be the most innovative, customer-centric, inclusive, and sustainable materials science company in the world. The sale is expected to have a minimal impact on Dow’s overall business, and the company will continue to focus on its core markets, including packaging, infrastructure, mobility, and consumer applications.