Dow (NYSE: DOW) has announced its agreement to purchase Circulus, a prominent converter of plastic waste into post-consumer resin (PCR). The acquisition includes 2 facilities situated in Ardmore, Oklahoma, and Arab, Alabama, with a total annual capacity of 50,000 mt. The transaction is anticipated to be finalized in the third quarter of 2024, pending customary regulatory approvals.

"This acquisition allows Dow to merge our advanced materials science technology with Circulus' film recycling expertise, speeding up our progress towards achieving our 2030 Transform the Waste goal," said Karen S. Carter, President of Packaging & Specialty Plastics. "It also broadens our industry involvement, empowering us to deliver greater value to customers by directly producing high-performance circular products that brands and consumers increasingly seek."

Dow's proficiency in materials science and high-performance resins, coupled with Circulus' mechanical film recycling capability, will enable Dow to expand its product offerings in applications such as collation shrink packaging, stretch film, liners, and various food packaging solutions. This enhancement will extend Dow's reach into broader markets including industrial, consumer goods, and transportation sectors.

" Mike Dulin, CEO of Circulus, expressed enthusiasm for collaborating with Dow to advance the circular economy. He highlighted Circulus' use of advanced technology to improve the recycling of plastic packaging waste. With over 65 years of leadership experience in recycling and plastics industries, Circulus is committed to delivering sustainably produced, high-quality resins suitable for upcycled applications.

This acquisition aligns with Dow's previously announced commitment to convert plastic waste and alternative feedstocks into 3 million metric tons of circular and renewable solutions annually by 2030. Dow is creating industrial ecosystems to gather, reuse, or recycle waste, while also expanding its product range to meet growing market demands.

Dow (NYSE: DOW) is a prominent materials science company that serves customers in thriving sectors including packaging, infrastructure, mobility, and consumer applications. With a global presence, integrated assets, and substantial scale, Dow drives innovation and holds leading market positions, committed to sustainability for profitable growth and a sustainable future. Dow operates manufacturing facilities in 31 countries and employs around 35,900 individuals. In 2023, Dow achieved sales of approximately $45 billion. Dow is a versatile team of solution providers who innovate products and solutions through their extensive expertise in materials science. Dow leverages its materials science expertise to collaborate with industry experts across various sectors, developing solutions that have a positive global impact. Dow's goal is to become the most innovative, customer-centric, inclusive, and sustainable materials science company globally.