Dow Acquires Circulus

Dow has signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin (PCR).

The transaction includes two facilities, one in Ardmore, OK, and another in Arab, AL, with a total capacity of 50,000 metric tons per year.

"This acquisition will allow Dow to combine our company's industry leading materials science technology with Circulus' film recycling expertise to accelerate progress towards our 2030 Transform the Waste goal," said Karen S. Carter, president, Packaging & Specialty Plastics at Dow. "It will also expand how we participate in the industry, allowing us to generate value for our customers by directly producing more higher performing circular products that brands and consumers are demanding."

Dow's expertise in materials science and high-performance resins combined with Circulus' mechanical film recycling capability will allow Dow to enhance its offerings in applications, such as collation shrink packaging, stretch film, liners and select food packaging, to a wider range of applications in the industrial, consumer, and transportation markets.

This transaction supports Dow's efforts, announced earlier, to transform plastic waste and other forms of alternative feedstocks into 3 million metric tons of circular and renewable solutions annually by 2030. To do this, Dow is building industrial ecosystems to collect, reuse or recycle waste and expand its portfolio to meet rapidly growing demand.

The transaction is expected to close in the third quarter of 2024.