Dow (Midland, Mich.) announced the completion of the sale of Telone, a soil fumigation product to TriCal Soil Solutions, Inc., a leading distributor and applicator of soil fumigation products. This transaction is consistent with Dow’s best-owner mindset strategy of focusing on its core operations.
“We are pleased to announce the successful completion of this divestiture, a move that aligns with Dow’s strategy to focus on its core, downstream markets,” said Marco ten Bruggencateopens in a new tab, president of Dow’s Industrial Intermediates & Infrastructure operating segment. “The Telone product line will benefit from focused investments to capitalize on growth in the agricultural market segments it serves.”
The transaction value is $121 million or approximately 10x 2024 Operating EBITDA.