DuPont to Sell DuPont Clean Technologies for $510 Million
February 01 2021 - 6:47AM
Dow Jones News
By Colin Kellaher
DuPont de Nemours Inc. on Monday said it agreed to sell its
DuPont Clean Technologies business for $510 million as it concludes
a review of non-core businesses and the combination of its
nutrition and biosciences unit with International Flavors &
Fragrances Inc.
The Wilmington, Del., conglomerate said an international
private-equity consortium is buying the unit in a deal slated to
close in the second quarter.
DuPont also said it has opted to retain its Tedlar and
microcircuit materials businesses, along with its DuPont Teijin
Films venture, adding that those businesses are now part of its
mobility and materials segment.
DuPont said it is receiving a special cash payment of about $7.3
billion in connection with the International Flavors deal, adding
that it use roughly $5 billion to pare its debt load, bolstering
its balance sheet.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 01, 2021 07:32 ET (12:32 GMT)
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