Dow Sells 50% Ownership of Composites Joint Venture DowAksa for $125 Million
Dow announced on June 2 that it has signed a sale and purchase agreement to sell its 50% stake in Dow Advanced Composites Holdings Ltd. (DowAksa) to Aksa Akrilik Kimya Sanayii A.Ş., a subsidiary of Akkök Holding. Dow expects to receive $125 million from the sale, which represents an enterprise value of approximately 10 times estimated 2025 operational EBITDA, net of debt.
Dow’s decision to exit the joint venture, which was established in 2012, is consistent with Dow’s best-owner mindset strategy to focus on its core, high-value downstream businesses. The proceeds from the transaction will be used to support the company’s balanced capital allocation strategy.
The sale is expected to close in the third quarter of 2025, subject to customary regulatory approvals and other closing conditions.
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