The Dow Chemical Co. recently announced that it has reached an agreement with Italy’s EniChem S.p.A. to acquire that company’s polyurethane business. Under terms of the agreement, Dow will divest Union Carbide Corp.’s 50% interest in Polimeri Europa, in order to satisfy the European Commission’s conditions for the approved Dow/Union Carbide merger.

The transactions will close pending all required regulatory approvals.