Dow to Acquire Celotex Corp.’s Rigid Foam Insulation Business
The transaction includes the sale of five manufacturing facilities located in Charleston, Ill.; Elizabethtown, Ken.; Pennsauken, N.J.; Texarkana, Ark. and Tracy, Calif.; as well as Celotex product brands: Tuff-R, Super Tuff-R, Sturdy-R and Thermax insulating sheathing; Hy-therm Nail Line Roof Insulation; Celo-Vent Insulated Shingle Deck; and Tuff-Wrap Air Infiltration Barrier. The Celotex name will remain with the Celotex Corp.
“Adding a full line of high performance, polyisocyanurate foam insulation products to our existing line of STYROFOAM brand insulation extruded polystyrene products allows us to offer homebuilders, architects, specifiers, building owners and consumers a more robust product offering to meet diverse residential and commercial building needs,” said John Somerville, commercial director, North American Building Materials, Fabricated Products, The Dow Chemical Co.