GO
Loading...

Enter multiple symbols separated by commas

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

  • Worried about having too many drinks on a work night? A study suggests that this isn’t such a big deal for your productivity.

  • A worker adds a liner and handle at the Mr. Ice Bucket factory in New Brunswick, New Jersey

    If you've stayed at the Venetian, a Trump property or a Marriott, you've probably used a made-in-America ice bucket.

  • Facebook's new Menlo Park Campus building 20, in Menlo Park, California.

    We tour Facebook's new digs in Menlo Park, designed by storied architect Frank Gehry. The new office campus sprawls across 430,000 square feet and sports a 9-acre rooftop park.

U.S. Video