CALGARY, Alberta (May 18)—Dow Chemical Canada Inc. subsidiary Dow Pipeline Ltd. will acquire most of the Elie, Manitoba, assets of Isobord Enterprises Inc., in receivership since February, to enter the engineered composite panel business. The panels will be made from Dow polyurethane resin and wheat straw. The purchase includes a 215,000-sq.-ft. manufacturing facility in Elie that employs 70. Once a determination is made on business requirements, Dow said, it hopes to be able to keep most of the current work force. The product fits well with Dow's established home construction and remodeling business and the firm's other polyurethane goods, according to Brad Money, business manager of Dow Polyurethanes New Business Development. Money will head up the new operation once the deal closes and Calgary based-Dow Pipeline will be renamed to reflect the new business. Other details of the agreement were not disclosed.
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