Dow Inc. has selected Watco Companies to acquire the rail infrastructure assets and related equipment at six major North American sites.
Watco, a transportation service company, will provide select rail services at Dow’s flagship locations in Freeport and Seadrift, Texas; St. Charles and Plaquemine, Louisiana; and Fort Saskatchewan and Prentiss in Alberta, Canada. Dow is the largest olefins and polyethylene manufacturer in North America. Watco will partner with the Transportation Infrastructure group that manages the Infrastructure Investing strategy and funds managed by Oaktree Capital Management, L.P. to execute the transaction. Oaktree has been an investor in Watco since December 2018.