Following the successful merger of equals, Dow Dupont announced that they have completed their comprehensive review of the portfolio composition of the three intended independent companies.
Midland and Wilmington/USA — The board of the company announced that certain targeted adjustments will be made between the Materials Science and Specialty Products divisions. This measures are aimed at enhancing the competitive advantages of the intended resulting companies.
As a result of a comprehensive analysis, the company will realign several businesses to the Specialty Products Division from the Materials Science Division including Dow’s Automotive Systems’ adhesives and fluids platforms, Building Solutions, Water and Process Solutions, Pharma and Food Solutions, Microbial Control and Dupont’s Performance Polymers business.
On a forecast 2017 basis, the businesses that will be realigned to the Specialty Products Division account for total net sales of more than $ 8 billion and operating EBITDA of approximately $ 2.4 billion, including approximately 40 % of the heritage Dow Corning EBITDA.
Relative to the original merger agreement, the adjustments are approximately $ 4 billion of net sales from the heritage Dow portfolio, evenly split between the Consumer Solutions and Infrastructure Solutions segments and approximately $ 4 billion of net sales from the heritage Dupont Performance Polymers business moving to the Specialty Products Division.
Following the portfolio realignments, the three intended companies of Dow Dupont are a Agriculture Company, a Materials Science Company and a Specialty Products Company.