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.
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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.

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