Investing
DuPont to sell Delrin resins unit to PE firm for around $1.8 billion – Bloomberg News
© Reuters. FILE PHOTO: A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo
(Reuters) – Materials and chemicals maker DuPont (NYSE:) De Nemours Inc is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter.
Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart.
Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month.
DuPont had earlier this month raised its 2023 sales forecast betting on demand picking up for its materials used to make a wide range of products including automotive components and semiconductors. The company had in May said that it doesn’t see any M&A deal over the next year.
Delrin acetal homopolymer from DuPont is used for high-load mechanical applications such as gears, safety restraints, door systems, conveyor belts, healthcare delivery devices, and other demanding products and parts.
Dupont and Jordan Company did not immediately respond to Reuters’ request for comment.
Read the full article here
Why Traditional Job Descriptions Aren’t Cutting It Anymore
Tech, Business Leaders Attended Donald Trump’s Inauguration: List
How to Supercharge Your Brand With Celebrity and Influencer Partnerships
Looking for Your Next Investment Property? Don’t Fall for These Common Scams.
European shares steady as Trump inauguration centre stage By Reuters
Why the Best CEOs Think Like Anthropologists
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
How Pets Can Promote Better Health and Well-Being in the Workplace
10 Roles That Are Surprisingly Well-Suited for Outsourcing
What to Do If TikTok is Banned — How to Protect Your Brand
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles4 days agoWhy the Best CEOs Think Like Anthropologists
-
Make Money5 days agoEarn More in 2025: Top 10 High-Yield Savings Accounts Revealed
-
Side Hustles5 days agoWhat to Do If TikTok is Banned — How to Protect Your Brand
-
Passive Income5 days agoHow Pets Can Promote Better Health and Well-Being in the Workplace
-
Side Hustles5 days ago10 Roles That Are Surprisingly Well-Suited for Outsourcing
-
Make Money6 days agoBuild Your Future: 5 Simple Steps to Financial Stability
-
Side Hustles6 days agoMeta Is Laying Off 5% of Its Workforce: Read the Memo
-
Investing2 days agoTikTok faces US ban deadline as users brace for fallout By Reuters