PressRoom

ALTIVIA Completes Dow’s Acetone Derivatives Business Acquisition

Company Starts Operations of Business and Industrial Park in Institute, West Virginia

Houston – (November 4, 2019) – On November 1, ALTIVIA Ketones & Additives, LLC, an affiliate of ALTIVIA Petrochemicals acquired Dow’s Acetone Derivatives Business and associated chemical manufacturing assets at Institute, West Virginia, as well as the Institute Industrial Park.

The Acetone Derivatives Business manufactures Ketones and Carbinols, used primarily in the coatings, adhesive and pharmaceutical industries. It is the largest North American production facility of its kind. On November 1st, ALTIVIA successfully assumed operations and product distribution without delay.

“We have implemented a thorough transition plan over the past 12 weeks to ensure continuity and avoid disruptions during our assumption of operations at Institute, West Virginia” said ALTIVIA’s Chief Executive Officer J. Michael Jusbasche. “Customers of our Ketones business and stakeholders at our Institute Industrial Park will experience a seamless transition to ALTIVIA”

About the Site

The 460-acre Institute Industrial Park was originally operated by Union Carbide and became an industrial park in the mid-1980s. The facility houses the Acetone Derivatives Business acquired by ALTIVIA as well as other Dow and DuPont businesses, which receive utility and logistics services to support chemical production activities.

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