Dow Chemical May Return to Acquisitions Next Year, Tribune Says
Dow Chemical Co. (DOW) plans to start making acquisitions again in 2012 or 2013 after having cut its debt, La Tribune reported, citing Jerome Peribere, chief executive officer of its Advanced Materials unit.
Dow will target specialty chemicals companies and has several billions of dollars to make purchases, he told the newspaper in an interview.
The company expects its sales for 2011 to increase to about $60 billion this year, with earnings before interest, tax, depreciation and amortization rising to $9 billion, La Tribune also said.
To contact the reporter on this story: Andrea Rothman in Paris at firstname.lastname@example.org
To contact the editor responsible for this story: Benedikt Kammel at email@example.com