Dow Corning to Acquire Multibase S.A.

Midland, Mich. - Dow Corning Corp. today announced its intent to acquire Multibase S.A. of France, a leading independent thermoplastics compounder serving the automotive, appliance and packaging industries. The Board of Directors for each company has approved the plan. Final approval by Multibase shareholders is expected in April, with the acquistion expected to be finalized by April 30. Certain government approvals in Europe are required prior to the completion of the transaction as well.

“We are very excited about this new opportunity. This acquisition allows Dow Corning to leverage its innovation and technology leadership to move beyond the market for silicon-based materials and become an active leader in performance enhancing solutions, such as thermoplastics,” said Stephanie Burns, executive vice president of Dow Corning. “The complementary product lines and capabilities of the two companies, which will operate under the Multibase brand, will allow them to provide enhanced sales and service to all current, and potential, customers.”

Multibase is a leading polymer compounding firm providing customized compound solutions, tolling service and product development, with global customers in the automotive, household appliances, packaging, construction, and the sports and leisure markets. Multibase has production facilities in France, the U.S., and India, and sales offices in Brazil and China. Multibase owns a large variety of proprietary polymer compound products including the following: Multi-Flex® thermoplastic elastomers; Multibatch® mineral filled polyolefin masterbatches; and Multi-Pro® polyolefin compounds.

The Dow Corning Plastics team has global customers in the automotive, appliance, packaging, wire and cable, construction, and sports and leisure markets. The team provides sales and service throughout Europe, the Americas, and Asia.

Dow Corning has two families of ultra-high molecular weight (UHMW) siloxane additives for the plastics industry: Dow Corning® MB Masterbatch Series Additives and Dow Corning® Si Powder Resin Modifiers. In addition, Dow Corning has a new line of high performance thermoplastic elastomers based on proprietary technology that combines the high temperature elastomeric performance of silicone rubber with the melt reprocessability and thermal and chemical resistance of engineering thermoplastics: TPSiV™ Materials.

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