Performance Chemicals Is Du Pont Going to Sell Performance Chemicals Segment?
Du Pont realigns its leadership team to accelerate integrated science execution, explores strategic alternatives for Performance Chemicals.
Wilmington/USA – Taking the next steps in its transformation to a higher growth company, Du Pont is realigning its leadership team to accelerate its integrated science execution across the company and is exploring strategic alternatives for its Performance Chemicals segment.
These steps are part of Du Pont’s transformation to a higher growth, less cyclical company that integrates its unique scientific capabilities in biology, chemistry and materials to develop differentiated, high-value solutions in the attractive agriculture and nutrition, industrial biosciences and advanced materials markets worldwide the company says.
Du Pont’s consideration of strategic alternatives for its Performance Chemical segment may include a full or partial separation of each of these businesses from the company through a spin-off, sale or other transaction. The segment includes Titanium Technologies and Chemicals & Fluoroproducts businesses which generated total sales of $7.2 billion in 2012. Du Pont may pursue a different strategic alternative for each business.
The company said the decision to explore strategic alternatives for its Performance Chemicals businesses reflects its ongoing portfolio review to determine how best integrated science can contribute to growth and the optimal mix of businesses for maximizing shareholder value.