DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions … Read more
DuPont announced that it has completed the previously announced acquisition of Spectrum Plastics Group, a recognized leader in specialty medical devices and components markets. “I am pleased to welcome our talented Spectrum colleagues to DuPont,” said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. “We are excited to add Spectrum’s best-in-class advanced manufacturing capabilities, … Read more
The Chemours Company, DuPont de Nemours, Inc., and Corteva, Inc. announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claims of a defined class of public water systems that serve the vast majority of the United States population. The class includes water systems with a current detection of PFAS … Read more
DuPont, a leading global innovation and technology-based company, has announced the acquisition of Spectrum Plastics Group from AEA Investors. The acquisition is expected to be completed by the end of the third quarter of 2023, subject to regulatory approvals and customary closing conditions. The purchase price of $1.75 billion will be paid from existing cash … Read more
DuPont, a leading global chemical company, recently released its fourth quarter and full year 2022 results. The company’s net sales showed a decline in the fourth quarter of 2022, while it increased in the full year 2022. In this article, we will delve into the details of DuPont’s financial performance and analyze the key drivers … Read more
Covation Biomaterials, a private subsidiary of Huafon Group, was launched Wednesday following the close of the sale from DuPont for about $240 million. The company, which has nearly 200 employees worldwide, will be based at new offices in the Iron Hill Corporate Center in Newark. Biomaterials was a DuPont segment dedicated to discovering and producing … Read more
Celanese has agreed to acquire the bulk of DuPont’s Mobility and Materials unit for $11 billion, combining two of the world’s leading engineering polymers businesses. Included in the transaction are many materials that are used in demanding applications such as automotive and electronics parts. One key material is DuPont’s nylon 6,6 business, which has been … Read more
DuPont on November 2nd said it has signed a definitive agreement to acquire electronics materials specialist Rogers Corporation for $5.2 billion. With this acquisition, Dupont said it will expand its leading position in high growth markets such as electric vehicles, advanced driver assistance systems (ADAS), 5G telecommunications and clean energy. The acquisition is expected to … Read more
DuPont announced that it would acquire Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. The deal is one of several recent investments by chemical makers seeking to tap into growth in the electronics industry. Laird makes chemicals and materials that … Read more
DuPont announced it has divested its trichlorosilane (TCS) business and its equity interest in the Hemlock Semiconductor joint venture to Hemlock for $725 million. The deal has received regulatory approval and was closed at signing. Dupont owned 40.25% stake in Hemlock JV before signing of this deal. DuPont received pre-tax cash proceeds of $550 million … Read more
BASF has closed the previously announced transaction to divest its ultrafiltration membrane business to DuPont Safety & Construction (DuPont). The divestiture includes the shares of inge GmbH, the business’ headquarters and production site in Greifenberg, Germany, including all employees, its international sales force, and certain intellectual property previously owned by BASF SE. Financial details of … Read more
IFF and DuPont announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction. The deal values the combined company at $45.4 billion on an enterprise value basis, reflecting a value of $26.2 billion for the N&B business based … Read more
DuPont announced it has signed an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals. “Our strategic intent for the Water Solutions business is to have a robust … Read more
DuPont Safety & Construction (DuPont) today announced it has signed an agreement to acquire the Ultrafiltration Membrane business from BASF including inge GmbH. The transaction, including the business’ international workforce, its headquarters and production site in Greifenberg, Germany, and associated intellectual property currently owned by BASF SE., is expected to close by the end of … Read more
DuPont Electronics & Imaging (E&I) has signed an agreement with SK Siltron to sell its Compound Semiconductor Solutions (CSS) business, which makes materials for electric motors. The $450 million sale to SK Siltron, based in South Korea, is expected to close by the end of 2019, subject to customary regulatory approvals for closing. The transaction … Read more