DuPont announced a plan to separate into three distinct, publicly traded companies: a diversified industrial company, a company focused on Water businesses, and a leading supplier of electronic solutions.
The independent Electronics business will be a global leader in the supply chain of electronics, including key consumables used in semiconductor chip manufacturing, as well as advanced electronic materials enabling reliable signal integrity, power management and thermal management.
DuPont says this new Electronics company “will be well positioned to capture growth in the semiconductor industry, driven by high-performance computing demands from AI, high speed connectivity, smart and autonomous vehicles and the Internet of Things, among other mega-trend growth drivers.”
The Electronics company will be comprised of DuPont’s existing Semiconductor Technologies and Interconnect Solutions lines of business, as well as the electronics-related product lines from Industrial Solutions. These businesses generated net sales of approximately $4.0 billion and operating EBITDA margin(1) of approximately 29% in 2023. With robust cash flow generation, the Electronics company is expected to focus on innovation-based growth.
“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 Chief Executive Officer. “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, including portfolio enhancing M&A.”
https://s23.q4cdn.com/116192123/files/doc_events/2024/05/DuPont-5-22-24-Investor-Presentation_vF.pdf
