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Dow Corning Purchases Silicon Manufacturing Operations

Deal valued at $175 million

Dow Corning Corp. has acquired two chemical grade silicon manufacturing assets valued at approximately $175 million from Globe Specialty Metals, Dow Corning said on Nov. 5.

The Midland, Mich., silicon-based materials manufacturer purchased Globe Metais Industria e Comercio S.A., a silicon metal manufacturer in Para, Brazil, which will immediately begin operating as Dow Corning Metais do Para Ltda.

Dow Corning also acquired a 49% interest in WVA Manufacturing LLC, Globe Metallurgical Inc.'s silicon manufacturing operation in Alloy, W.Va. The operation will continue to operate as WVA Manufacturing LLC.

"These acquisitions offer Dow Corning an even more efficient and stable supply of silicon metal," said Robert Hansen, Dow Corning's executive vice president and general manager of Core Products. "This is yet another step to position ourselves to better serve our customers' needs."

Dow Corning's provides silicones for products in various industries including construction, personal care, life sciences, energy, automotive and electronics industries.

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