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DOW CORNING COMPLETES MULTIBASE SA ACQUISITION
Dow Corning Corp. today announced it has completed its acquisition of Multibase, a leading independent thermoplastics compounder serving the automotive, appliance, construction and packaging industries. Multibase is a leading global supplier of differentiated thermoplastic/elastomeric materials. Dow Corning’s Plastics business unit and Multibase are now integrating operations under the Multibase corporate brand name to become a global leader in the market for thermoplastic/elastomeric materials and solutions. “Dow Corning and Multibase are working together to quickly integrate into one globally linked and aligned company,” said Andy Tometich, formerly the Dow Corning Plastics Program Manager, and currently the new President of Multibase. “We have extremely valuable industry expertise in both companies and we are working to staff key roles with a healthy mix of Dow Corning and Multibase employees.” The integration will present several synergies. The combined industry expertise and complementary product lines of Dow Corning and Multibase will give customers an enhanced portfolio of solutions to their unmet needs. In addition, the integration will increase the utilization of Multibase manufacturing capacity by moving Dow Corning’s plastic product line from contract manufacturing to in-house production. The merger will also increase access for Multibase products to the Asian market, including Japan, Korea and China, through Dow Corning’s commercial infrastructure. The financial advisor to Dow Corning for this acquisition was Credit Lyonnais Securities while the financial advisors to Multibase S.A. were Canec International Ltd. and Ernst & Young Corporate Finance. Multibase (www.multibase.com), a Dow Corning Company, is a leading global supplier of differentiated thermoplastic/elastomeric materials. Its product line includes a large variety of proprietary polymer compound products such as Multiflex thermoplastic elastomers; Multibatch mineral filled polyolefin masterbatches; and Multipro polyolefin compounds, as well as two families of ultra-high molecular weight (UHMW) siloxane additives for the plastics industry: Dow Corning MB Masterbatch Series Additives and Dow Corning Si Powder Resin Modifiers. It also offers a new line of high performance thermoplastic elastomers, known as TPSiV materials, based on proprietary technology that combines the high temperature elastomeric performance of silicone rubber with the melt reprocessability and thermal and chemical resistance of engineering thermoplastics. Multibase’s headquarters is located in France with manufacturing facilities in the US, France, and India, and commercial offices around the world. http://www.dowcorning.com/rubber
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