Dow Corning Corp. (Midland, Mich.; www.dowcorning.com) has acquired two chemical-grade silicon manufacturing assets, valued at US$175 million, from Globe Specialty Metals Inc. (New York, N.Y.; www.glbsm.com).
Dow Corning purchased 100% of Globe Metais Indústria e Comércio S.A., a silicon metal manufacturer in Pará, Brazil. The company will begin operations as Dow Corning Metais do Pará Ltda. immediately.
In the second acquisition, Dow Corning gained a 49% ownership interest in Globe Metallurgical Inc.’s silicon manufacturing operation in Alloy, W.Va., called WVA Manufacturing LLC.
Manufacture of most of Dow Corning’s 7,000 products rely on chemical-grade silicon as an essential raw material.