MIDLAND, Mich.--(BUSINESS WIRE)--The Dow Chemical Company (NYSE: DOW) announced today the latest in a series of portfolio actions aligned to its market-driven strategy. In line with its target to divest $7 billion to $8.5 billion in non-strategic assets and businesses, the Company announced today the completed sale of ANGUS Chemical Company to Golden Gate Capital and finalized the divestiture of its Sodium Borohydride business to Vertellus Performance Chemicals LLC and certain of its affiliates (Vertellus).Together, these previously committed divestitures total more than $1.4 billion in gross proceeds to Dow and illustrate the Company’s drive to maximize value across its integrated portfolio – pointing resources toward more strategic uses. Since 2013, the Company has signed or completed transactions that are expected to generate $2.9 billion in proceeds.
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