Dow: Purchase of Biocomposite Wood-Replacement Business
Dow Pipeline Ltd., USA, a wholly owned subsidiary of Dow Chemical Co., has agreed to buy most of the assets of Isobord Enterprises Inc., an Elie-based manufacturer of natural- fiber composite panels. The panels are produced by pressing a mixture of finely chopped wheat straw and Dow polyurethane. Isobord had been in receivership since February. Dow Pipeline Ltd. will be renamed later to reflect the new composite business.
The Elie plant occupies 215,000 sq ft and employs 70. Dow had worked with Isobord since the plant started production in 1998 and says the product line, which has won environmental awards, is a good fit with other polyurethane-based Dow products for home construction and remodeling.