Dow Polyurethanes, a business division of Dow (NYSE: DOW), launches its new certified product range of DIAMONDLOCK™ Play Systems binders for playgrounds in Europe. The range has been certified as compliant with the European safety standard EN 1177.
To pass the certification for European standard EN 1177, DIAMONDLOCK™ Play Systems binders were required to pass tests determining the critical fall height, as it relates to the safety of children in a playground. The new systems are also highly durable and contain anti-yellowing properties, meaning they last longer before requiring repair, and allow for better aesthetics with true color display over time. Within the external environment, DIAMONDLOCK™ Play Systems are water permeable, resistant to high temperature and humidity, and designed to improve durability and color stability over time.
“This certification of our DIAMONDLOCK™ Play Systems binders enables designers, specifiers,and applicators of play surfaces to meet the highest regulatory standards,” commented Mohammed Sami, global Industrial market segment leader, Dow Polyurethanes. “Outdoor play for children is critical for their health and development, and with DIAMONDLOCK™ Play Systems binders, customers can rest assured that play environments are safer for children.”
“We are delighted to join Lectra’s family. We are convinced that with Lectra’s strong leadership, its unparalleled expertise in the fashion industry and the strength of its teams, we will be able to boost our customer’s competitiveness and help them accelerate their digital transformation,” states Traian Luca, CEO and founder of Gemini.
The transaction concerns the acquisition of 60% of Gemini right now for 7.6 million euros. The acquisition of the remaining capital and voting rights will take place in two steps, in September 2024 and September 2026.
The total consideration for the acquisition of 100% of Gemini’s capital will depend on Gemini’s revenue growth, and should be comprised of between 13 and 20 million euros.
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