DowDuPont announces merger to create holding company
DowDuPont announced on Monday the successful completion of the merger of equals between The Dow Chemical Company and EI du Pont de Nemours & Company (DuPont).
The combined entity is operating as a holding company under the name DowDuPont™ with three divisions – agriculture, materials science and specialty products.
"For shareholders, customers and employees, closing this transaction is a definitive step toward unlocking higher value and greater opportunities through a future built on sustainable growth and innovation," said Ed Breen, chief executive officer of DowDuPont.
"DowDuPont is a launching pad for three intended strong companies that will be better positioned to reinvest in science and innovation, solve our customers' ever-evolving challenges, and generate long-term returns for our shareholders.
“With the merger now complete, our focus is on finalising the organisational structures that will be the foundations of these three intended strong companies and capturing the synergies to unlock value. With clear focus, market visibility and more productive R&D [research and development], each intended company will be equipped to compete successfully as an industry leader."
