DuPont Explores Strategic Alternatives for Perfomance Chemicals
DuPont Explores Strategic Alternatives for Performance Chemicals
WILMINGTON, Del., July 23, 2013 – Taking the next steps in its transformation to a higher growth company, DuPont today 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 DuPont’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.
DuPont’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. DuPont may pursue a different strategic alternative for each business.
DuPont’s 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. This follows DuPont’s sale of its Performance Coatings business earlier this year and the acquisition of Danisco in 2011.
“As we discussed at our Investors Day in May, we have been carefully weighing the strong cash generation of our Performance Chemicals businesses against their cyclicality and lower growth profile, as well as where the power of DuPont’s integrated science can be differentiated,” said CEO Ellen Kullman. “We are evaluating options for our Performance Chemicals businesses as part of our ongoing plan to deliver higher growth and greater value creation for our shareholders.”