On the Record · Dow
Dow acquisitions, on the record
The businesses Dow bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Acquisitions of property and businesses, net of cash acquiredWord for word“Acquisitions of property and businesses, net of cash acquired ( 114 ) ( 228 ) ( 129 )” 10-K for 2023 | acquisition | — | ( 114 ) |
Proceeds from sales of property, businesses and consolidated companies, net of cash divestedWord for word“Proceeds from sales of property, businesses and consolidated companies, net of cash divested 95 32 68” 10-K for 2023 | divestiture | — | 95 |
Circulus Holdings, LLCWord for word“On August 1, 2024, the Company acquired Circulus Holdings, LLC, a U.S. mechanical recycling company that converts plastic waste into post-consumer resin, for approximately $130 million.” 10-K for 2024 | acquisition | On August 1, 2024 | for approximately $130 million |
flexible packaging laminating adhesives businessWord for word“On December 2, 2024, the Company sold its flexible packaging laminating adhesives business, within Packaging & Specialty Plastics, to Arkema S.A. for cash proceeds of $ 115 million, net of working capital adjustments, costs to sell and other transaction expenses and subject to customary post-closing adjustments.” 10-K for 2024 | divestiture | On December 2, 2024 | — |
40 percent equity stake in select U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset ManagementWord for word“On December 8, 2024, the Company entered into a definitive agreement to sell a 40 percent equity stake in select U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management in exchange for cash proceeds of approximately $2.4 billion.” 10-K for 2024 | agreed divestiture | On December 8, 2024 | approximately $2.4 billion |
Telone soil fumigation product lineWord for word“On May 1, 2025, the Company sold its Telone TM soil fumigation product line and certain related assets to TriCal Soil Solutions, Inc. ("TriCal"), a distributor and applicator of soil fumigation products, for cash proceeds of $ 121 million, net of costs to sell and other transaction expenses and subject to customary post-closing adjustments.” 10-K for 2025 | divestiture | May 1, 2025 | $ 121 million |
DowAksa Advanced Composites Holdings BVWord for word“On August 8, 2025, the Company sold its ownership interest in DowAksa Advanced Composites Holdings BV ("DowAksa"), a nonconsolidated affiliate, to its joint venture partner, Aksa Akrilik Kimya Sanayii A.Ş., for cash proceeds of $ 121 million, net of costs to sell and other transaction expenses and subject to customary post-closing adjustments.” 10-K for 2025 | divestiture | August 8, 2025 | $ 121 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $163 million |
| 2017-12-31 | −$47 million |
| 2018-12-31 | $20 million |
| 2019-12-31 | $0 |
| 2020-12-31 | $130 million |
| 2021-12-31 | $129 million |
| 2022-12-31 | $228 million |
| 2023-12-31 | $114 million |
| 2024-12-31 | $125 million |
| 2025-12-31 | $0 |
Deal filings since 2016
- 2021-03-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Dow’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.