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Dow completes $121MM sale of Telone™ soil fumigation product line
Prnewswire· 2025-05-01 21:00
Group 1 - Dow has completed the sale of its Telone™ soil fumigation product to TriCal Soil Solutions, Inc. for $121 million, aligning with its strategy to focus on core operations [1][2] - The transaction represents approximately 10 times the 2024 Operating EBITDA, indicating a strong valuation for the divested product line [2] - The sale is expected to allow the Telone product line to benefit from focused investments aimed at capitalizing on growth in agricultural market segments [2] Group 2 - Dow is a leading materials science company with a focus on high-growth markets such as packaging, infrastructure, mobility, and consumer applications, achieving sales of approximately $43 billion in 2024 [3] - The company operates manufacturing sites in 30 countries and employs around 36,000 people, emphasizing its global presence and scale [3] - Proceeds from the divestiture will support Dow's balanced capital allocation approach, further enabling the company to concentrate on high-value downstream markets [4]