US DuPont looking sell auto-paint business – report

28 October 2011 20:07  [Source: ICIS news]

HOUSTON (ICIS)--US-based DuPont has hired a firm to seek buyers for its performance coatings division, reports said on Friday.

The business is worth $3bn–4bn (€2.1bn–2.8bn), including a powder coatings unit the company is selling separately, Bloomberg reported.

DuPont spokesman Gregg Schmidt declined to comment.

($1 = €0.70)

For more on DuPont visit ICIS company intelligence

By: Bobbie Clark
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