Dow (NYSE: DOW) has announced its agreement to acquire Circulus, a prominent recycler specializing in transforming plastic waste into post-consumer resin (PCR). The acquisition includes two facilities located in Ardmore, Oklahoma, and Arab, Alabama, boasting a combined annual capacity of 50,000 metric tons. The transaction is expected to close in the third quarter of 2024, subject to customary regulatory approvals.
Karen S. Carter, President of Packaging & Specialty Plastics at Dow, highlighted the strategic importance of the acquisition, stating, “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. 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 collaboration with Circulus is expected to enhance its offerings in various applications, including collation shrink packaging, stretch film, liners, and select food packaging, across industrial, consumer, and transportation markets.
Mike Dulin, CEO of Circulus, expressed enthusiasm for the partnership, stating, “The Circulus team is excited to move forward with Dow in advancing a circular economy. Circulus leverages the best technology available to advance the recycling of plastic packaging waste. Our leadership team brings more than 65 years of combined experience in the recycling and plastics industries, resulting in high-quality and sustainably produced resins, suitable for upcycled applications.”
This acquisition aligns with Dow’s commitment to transforming plastic waste and alternative feedstocks into 3 million metric tons of circular and renewable solutions annually by 2030. To achieve this goal, Dow is developing industrial ecosystems to collect, reuse, or recycle waste and expanding its portfolio to meet the growing demand for sustainable solutions.
Dow (NYSE: DOW) is a leading materials science company, serving customers in high-growth markets such as packaging, infrastructure, mobility, and consumer applications. With a global presence, focused innovation, and commitment to sustainability, Dow aims to achieve profitable growth while contributing to a sustainable future. Operating in 31 countries with approximately 35,900 employees, Dow delivered sales of approximately $45 billion in 2023.
