Did you hear?... DuPont forms a new wholly-owned subsidiary

Dupont has announced it is splitting its company into two with the formation of Dupont Textiles & Interiors, a new wholly-owned subsidiary.
Author:
Publish date:

Dupont has announced it is splitting its company into two with the formation of Dupont Textiles & Interiors, a new wholly-owned subsidiary. It will be the largest integrated textile fiber and interiors company in the world, with approximate annual revenue of $6.5 billion and 22,000 employees, operating in 50 countries. Headquartered in Wilmington, Del., DuPont Textiles & Interiors (DTI) will be comprised of two businesses, each with subgroups: Textiles and Interiors -- including Apparel, Home & Industrial, and Flooring; and, Intermediates -- including nylon, Terathane® and polyester intermediates, specialties and joint ventures. Zytel® nylon resins will remain with DuPont. The new subsidiary will have a powerful portfolio of DuPont’s best known, worldwide brands and trademarks including: Lycra®, Stainmaster®, Coolmax®, Thermolite®, Supplex®, Antron®, Cordura®, Tactel®, Dacron® and Micromattique™. The venture will also have the opportunity to leverage other brands including the DuPont and Teflon® brands. According to Dupont, the company will explore a full range of strategic options for the new subsidiary, including an Initial Public Offering.

Related

DuPont becomes equity partner of Outlast

DuPont Textiles and Interiors (DTI) and Outlast today announced that the two companies had formed an equity alliance partnership. As part of the agreement, DTI has acquired a minority interest in Outlast. Tim Dummer, the global business manager for DTI overseeing the ...read more

DuPont Announces New Brand Architecture

DuPont has announced a number of changes in the company, as well as new fabrics and fibers, on the heels of some six months of planning and budget tinkering. This is yet another step in company restructuring that comes not only after a January announcement of a new management ...read more