MIDLAND, Mich. — Dow Building Solutions (DBS), a market-facing business unit of The Dow Chemical Company, announced that it has signed an agreement to acquire Stevens Roofing Systems and Geomembrane Systems, a business of JPS Industries Inc. Based in Holyoke, Mass., Stevens Roofing Systems manufactures reinforced thermoplastic (TPO) commercial roofing systems, an area with significant growth potential that aligns well with Dow’s energy efficient building expertise. Pending the transaction close, Dow plans to operate the acquired business as Dow Roofing Systems LLC. Financial terms were not disclosed. Regulatory approval is not required, and the transaction is expected to close within 30 days.

Dow Building Solutions’ participation in the commercial construction market centers on creating energy efficient structures, including insulation, weatherization systems and exterior wall systems. Stevens is an innovator and a recognized leader in TPO single-ply roofing systems for commercial and industrial applications. The planned acquisition adds Stevens’ commercial roofing expertise to Dow’s building science know-how, insulation and polymer technology expertise to deliver comprehensive solutions in this rapidly-growing industry segment. As creating energy efficient, comfortable indoor environments becomes an integral part of building design, architects and building owners are selecting materials that contribute to reduced energy costs over a building’s lifetime, and offer reliable protection against wind, rain, moisture and other outdoor elements.

The energy efficient TPO single-ply roofing system, introduced by Stevens, is rapidly becoming the preferred roofing system. Its reflective white membrane “cool roof” performance and energy savings appeal to building owners, while contractors appreciate the ease of installation. The quality of the Stevens’ offering and its reputation for outstanding roofing design, systems, service and warranties were crucial factors in Dow’s decision to acquire Stevens. Dow Building Solutions has realigned its portfolio to enable the business to build upon its leadership position by growing in key markets and achieving consistent earnings across economic troughs.