Dow sells its calcium chloride business to Occidental
Occidental Petroleum will be the new owner of Dow Chemical's calcium chloride business, reports Bloomberg.com . Dow's CaCl business was the nation's largest for this deicing chemical.
Dow said the sale price exceeded $210 million. Dow is using the proceeds to pay off the bridge loan it needed when it acquired Rohm and Haas. Upon closing the Rohm and Haas sale, Dow sold Rohm's Morton Salt business to K+S.