GO
Loading...

Dow Chemical Seeking Acquisitions, CEO Tells CNBC

Dow Chemical is looking to make acquisitions, but the amount of private-equity money floating around has made lots of businesses in chemical sector expensive, the company's chief executive told CNBC.

"Given the fact that we've had some cyclical behavior in the past, we're gearing up for our futures by looking at accretive M&A," Dow CEO Andrew Liveris said on "Squawk Box."

"This company is ready to do accretive deals at the right price for the right synergies," he added.

But "the private equity guys have really pulled the multiple up on this market," Liveris said, adding that if there is a downturn in the next few year, there may be a lot more businesses available at better prices.

Liveris didn't mention any specific targets or businesses, and he declined to say whether Dow was interested in buying General Electric's plastic business, which the conglomerate is trying to shed. GE is the parent of CNBC.

Thursday morning, Dow Chemical reported a profit, excluding non-recurring items, of 98 cents a share, beating the analysts' consensus estimate by 5 cents a share.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • The Glass Ceiling

    Full-time working women still only earn about 77% of what men do in the same fields. A lawsuit in Silicon Valley is bringing renewed focus to that statistic. Vanity Fair Contributing Editor Bethany McLean on the equality fight for women's pay and promotion.

  • Man takes off work clothes on beach

    With Ruth Porat leaving Wall Street for Silicon Valley, Turney Duff takes a look at other ex-Wall Street friends and where they are now.

  • A group of scientists believe they've cracked the reason behind a big mystery: Why are beards so popular?

U.S. Video