US DuPont to separate electronics and water businesses

HOUSTON (ICIS)–DuPont plans to separate its electronics and water businesses into two publicly traded companies, the US-based specialty chemicals producer said on Wednesday.

DuPont should complete the separations in 18-24 months.

The two businesses will be separated in a tax-free manner to its shareholders, the company said. What is left of DuPont will continue as a diversified industrial company.

After the separation, DuPont will retain the Water & Protection segment with the exception of Water Solutions. It will keep the majority of the businesses within Industrial Solutions, including healthcare, as well as adhesives and other businesses reported under Corporate. In all, these businesses reported $6.6 billion in sales.

Electronics will include Semiconductor Solutions and Advanced Electronics Products. These businesses had sales of $4 billion in 2023.

Water will include DuPont’s Water Solutions business. It generated sales of $1.5 billion in 2023.

“This is an extraordinary opportunity to deliver long-term, sustainable shareholder value through the creation of three strong, industry-leading companies,” said Ed Breen, DuPont CEO.