DuPont has announced a plan to separate into three distinct, publicly traded companies with the separation of its Electronics and Water businesses tax-free to its shareholders and New DuPont continuing as a diversified industrial company following completion of the separations.

As independent entities, both Electronics and Water will benefit from increased focus and agility in their respective industries and each of the three companies will have strong balance sheets, attractive financial profiles and strong growth opportunities.

As standalone companies, each business is expected to benefit from an ability to tailor capital allocation strategies to pursue differential strategic growth objectives and portfolio enhancing mergers and acquisitions, with distinct boards of directors and management teams.

As a diversified industrial company powered by brands such as Tyvek, Kevlar and Nomex, New DuPont will have a strong presence in fast-growing healthcare end-markets including applications for biopharma consumables, medical devices, and medical packaging. The company will also be a leading provider of key technologies enabling advanced mobility, particularly within electric vehicles, in addition to remaining a provider of advanced solutions serving safety, construction, aerospace and other industrial-based end-markets.

This New DuPont business generated net sales of approximately $6.6 billion and operating EBITDA margin of approximately 24% in 2023.

Electronics will become a global provider of differentiated electronics materials, including key consumables used in semiconductor chip manufacturing, while Water will focus on filtration and purification solutions with leading technologies in reverse osmosis, ion exchange and ultrafiltration.

“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 executive chairman and CEO. “The three-way separation will unlock incremental value for shareholders and customers and also create new opportunities for employees. Critically, each company will have greater flexibility to pursue their own focused growth strategies.”

www.dupont.com