Printer Friendly

DOW CORNING ANNOUNCES ARA ACQUISITION

 DOW CORNING ANNOUNCES ARA ACQUISITION
 MIDLAND, Mich., July 17 /PRNewswire/ -- Dow Corning has acquired


ARA-WERK KRAEMER GmbH of Unterensingen, Wurttemberg, Germany.
 "ARA is one of Germany's leading suppliers of sealants, polyurethane foam products and related application tools for the glass and construction industries," said Dow Corning President Lawrence A. Reed, who announced the acquisition. "They've pioneered many innovations, earning a solid reputation for high-quality products, outstanding customer service, and advanced technical expertise. This purchase implements a key part of our global development strategy, and will reinforce our presence in Europe's largest high-performance-sealants market."
 "We will retain ARA's entrepreneurial structure, and its arrangements with distributors and suppliers will continue essentially as they did before," said Reed. "The company's excellent reputation as Germany's quality leader complements our core sealants business very well."
 ARA, founded in 1956, currently employs 90 workers in Unterensingen, a small town near Stuttgart. The company had 1991 sales of approximately $35 million.
 Dow Corning Corporation, a Michigan-based company, is equally owned by The Dow Chemical Company (NYSE: DOW) and by Corning, Inc. (NYSE: GLW).
 -0- 7/17/92
 /CONTACT: Scott Seeburger of Dow Corning, 517-496-4078/
 (DOW GLW) CO: Dow Corning; ARA-WERK KRAEMER GmbH ST: Michigan IN: SU: TNM


KR -- DE006 -- 0137 07/17/92 10:18 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 17, 1992
Words:209
Previous Article:MISSIMER REPORTS DECLINE FOR THIRD QUARTER AS EXPECTED; FOURTH QUARTER TO SHOW STRONGER RESULTS
Next Article:MID AM, INC. DECLARES STOCK DIVIDEND
Topics:


Related Articles
MARION MERRELL DOW EXERCISES RIGHT TO LICENSE GENSIA ARA COMPOUND
DOW CORNING ANNOUNCES 1992 FINANCIAL RESULTS
DOW CORNING BOARD ELECTS HAZLETON CEO; McKENNON TO REMAIN CHAIRMAN
RYLEE JOINS CLARUS MEDICAL BOARD OF DIRECTORS
Dow Corning Completes Multibase S.A. Acquisition; Multibase, a Dow Corning Company, is a leading global supplier of differentiated...
Dow Corning Completes Acquisition of Tyco Electronics Power Materials Unit; Enhances position in fabricated thermal interface materials market.
Dow Corning Expands Thermal Interface Material Offerings; Three new products give electronics industry more choices for controlling heat in devices.
Dow Corning Announces Intent to Acquire Raychem Power Materials Business Unit of Tyco Electronics.
Dow AgroSciences Acquires Corn Seed Business of Brazil-Based Agromen Tecnologia.
Dow AgroSciences Acquires Netherlands Based Duo Maize.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters