• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Formulary
    • Exclusives
    • Top Companies
    • Raw Materials
    • End-User
    • Packaging
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Formulary
  • Exclusives
  • Top Companies
  • Raw Materials
  • End-User
  • Packaging
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    ACI Prepares for a Busy Second Half of 2022

    Honeywell Technology Boosts Efficiency And Reduces Carbon Footprints

    Protection & Correction: Facial Cosmetics

    Preservatives Market Expands to Maintain Longevity & Quality in Household & Personal Care

    Advancing the Research in Preservation Science
    Online Exclusives
    Association News
    Breaking News
    Financial News
    Industry News
    International
    Marketing News
    New Products
    News Front
    Packaging News
    Patents
    Personnel
    Regulations
    Snapshots
    Top News
    Live From Shows
    Top News
    Chillhouse & Sonos Collaborate on Music, Beauty & Selfcare

    L’Oréal’s Solution for Gray Hair, Scotch Porter's New President & Boots No. 7 Beauty Is Not for Sale

    SCOTUS EPA Ruling Won’t Impact General Regulatory Authority

    Toning Collection For Zero-Brass Blondes is New at Colorproof

    Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.
    Blog
    Online Exclusives
    Glossary
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    27. Jafra

    9. Coty

    36. WD-40

    50. Herbalife

    41. Parlux
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    SCOTUS EPA Ruling Won’t Impact General Regulatory Authority

    ACI Prepares for a Busy Second Half of 2022

    Honeywell Technology Boosts Efficiency And Reduces Carbon Footprints

    Protection & Correction: Facial Cosmetics

    Preservatives Market Expands to Maintain Longevity & Quality in Household & Personal Care
    Air Care/Environmental Fragrance
    AP/Deo
    Color Cosmetics
    Disinfectants
    Fine Fragrance
    Hair Care
    Household Cleaning
    I&I Marketplace
    Laundry Care
    Oral Care
    OTC/Medicated
    Packaging
    Personal Cleansers
    Skin Care
    Sun Care
    Testing

    Chillhouse & Sonos Collaborate on Music, Beauty & Selfcare

    SCOTUS EPA Ruling Won’t Impact General Regulatory Authority

    Toning Collection For Zero-Brass Blondes is New at Colorproof

    Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.

    ACI Prepares for a Busy Second Half of 2022
    Lab Equipment
    Mixing
    Packaging
    Testing

    L’Oréal Paris Has a New Answer For Men with Gray Hair

    Labskin's Microbiome-Friendly+ Seal of Approval Available in the US

    Sustainability Continues To Shape Beauty, Home & Personal Care Packaging

    Technology Cuts Plastic Decomposition from 500 Years to Three Months

    Aerosol Recycling Initiative Launched by HCPA
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Acme-Hardesty

    BotanicalsPlus

    QRS (Quality Resourcing Services)

    Centerchem LLC

    cosmopak usa
    Live From Shows
    Meetings
    Webinars
    Snapshots
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Formulary
    • Directories
      • Buyer's Guide
      • Contract Manufacturing / Private Label Directory
      • Corporate Profiles
      • Add Your Company
    • Raw Materials
      • Actives
      • Functional Ingredients
      • Pigments
      • Polymers
      • Preservatives
      • Surfactants
    • End-User
      • Air Care/Environmental Fragrance
      • AP/Deo
      • Color Cosmetics
      • Disinfectants
      • Fine Fragrance
      • Hair Care
      • Household Cleaning
      • I&I Marketplace
      • Laundry Care
      • Oral Care
      • OTC/Medicated
      • Packaging
      • Personal Cleansers
      • Skin Care
      • Sun Care
      • Testing
    • Packaging
      • Lab Equipment
      • Mixing
      • Packaging
      • Testing
    • Top Companies
      • International Top 30 Report
      • Top 50 Report
    • Online Exclusives
    • Glossary
    • Experts Opinion
    • Slideshows
    • HappiTV
    • Podcasts
    • Videos
    • Infographics
    • eBook
    • Blog
    • Whitepapers
    • Surveys
      • R & D Salary Survey
      • Sales & Marketing Salary Survey
    • Job Banks
    • Events
      • Industry Events
      • Live from show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Dow DuPont Merger Is Completed

    Separation phase expected to be completed in three months.

    Related CONTENT
    • P&G Accelerates Action on Climate Change Toward Net Zero GHG Emissions by 2040
    • Sunstar Acquires Austrian Tech-Innovator Playbrush
    • Hims & Hers Appoints First-Ever Chief Growth Officer Amid Strong Q2 Results
    • Herbalife Nutrition Taps New Leadership & Expands With Wellness-Inspired Skin Care Collection
    • Markwins Beauty Brands Founder Eric Chen Dies
    09.05.17
    The Dow Chemical and DuPont merger is complete. Now, DowDuPont is working on separating into three businesses, agriculture, materials science and specialty products. The separation is expected to occur in 18 months. Shares of DuPont and Dow ceased trading at the close of the New York Stock Exchange on Aug. 31, 2017. Today, DowDuPont began trading on the New York Stock Exchange under the stock ticker symbol "DWDP." Pursuant to the merger agreement, Dow shareholders received a fixed exchange ratio of 1.00 share of DowDuPont for each Dow share, and DuPont shareholders received a fixed exchange ratio of 1.282 shares of DowDuPont for each DuPont share. The transaction is expected to result in run-rate cost synergies of approximately $3 billion and the potential for approximately $1 billion in growth synergies, according to DowDuPont. The company expects to reach 100% run rate on the cost synergies within the first 24 months of merger closing.


    "Today marks a significant milestone in the storied histories of our two companies," said Andrew Liveris, executive chairman of DowDuPont. "We are extremely excited to complete this transformational merger and move forward to create three intended industry-leading, independent, publicly traded companies. While our collective heritage and strength are impressive, the true value of this merger lies in the intended creation of three industry powerhouses that will define their markets and drive growth for the benefit of all stakeholders. Our teams have been working for more than a year on integration planning, and—as of today—we will hit the ground running on executing those plans with an intention to complete the separations as quickly as possible."


    "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 finalizing the organizational 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, each intended company will be equipped to compete successfully as an industry leader."


    The board of directors of DowDuPont comprises 16 members - eight directors formerly on the DuPont board and eight directors formerly on the Dow board. There are two lead directors: Jeffrey Fettig, who previously served as the lead independent director for Dow; and Alexander Cutler, who previously served as the lead independent director for DuPont. Liveris serves as the executive chairman of the Board and Breen also serves on the board. Other board members include (from Dow) James A. Bell, former chief financial officer, Boeing;Raymond J. Milchovich, former chairman and CEO, Foster Wheeler AG; Paul Polman, CEO, Unilever PLC and Unilever N.V.; Dennis H. Reilley, non-executive chairman, Marathon Oil Corp.; James M. Ringler, chairman, Teradata Corporation and Ruth G. Shaw, former group executive, public policy and president, Duke Nuclea. From DuPont comes, Lamberto Andreotti, former chair of the board and CEO of Bristol-Myers Squibb Company; Robert A. Brown, president of Boston University;
    Marillyn A. Hewson, chairman, president and chief executive officer of Lockheed Martin Corporation; Lois D. Juliber, former vice chairman and chief operating officer of Colgate-Palmolive Company; Lee M. Thomas, former chairman and chief executive officer of Rayonier Inc. and Patrick J. Ward, chief financial officer of Cummins, Inc.


    Three advisory committees have been established by the DowDuPont board, chartered to generally oversee the establishment of each of the Agriculture, Materials Science (Dow) and Specialty Products divisions in preparation for the separations. Additionally, each advisory committee will develop a capital structure in accordance with the guiding principles set forth in the bylaws, and designate the future chief executive officer and leadership team of its respective intended company.



    As previously announced, DowDuPont will be led by Liveris and Breen along with the following executives:

    • Howard Ungerleider, Chief Financial Officer
    • Stacy Fox, General Counsel and Corporate Secretary
    • Charles J. Kalil, Special Counsellor to the Executive Chairman, General Counsel for the Materials Science Division
    • James C. Collins, Jr., Chief Operating Officer for the Agriculture Division
    • Jim Fitterling, Chief Operating Officer for the Materials Science Division
    • Marc Doyle, Chief Operating Officer for the Specialty Products Division



    Once each division has its own processes, people, assets, systems and licenses in place to operate independently from the parent company, DowDuPont intends to separate the divisions to stand within their own legal entities, subject to Board approval and any regulatory approvals. The intended separations are expected to occur within 18 months. The three companies are:


    • An agriculture company that brings together the strengths of DuPont Pioneer, DuPont Crop Protection and Dow AgroSciences to better serve growers around the world with a superior portfolio of solutions, greater choice and competitive price for value. The combined capabilities and highly productive innovation engine will enable the intended agriculture company to bring a broader suite of products to the market faster, so it can be an even better partner to growers, delivering innovation and helping them to increase their productivity and profitability. The intended agriculture company will be headquartered in Wilmington, Delaware, with global business centers in Johnston, Iowa and Indianapolis, Indiana.


    • A materials science company, to be named Dow that will consist of the businesses comprising the following current Dow operating segments: performance plastics, performance materials & chemicals, infrastructure solutions and consumer solutions (Consumer Care and Dow Automotive Systems; Dow Electronic Materials is intended to go to the Specialty Products Company), as well as DuPont's current performance materials operating segment. The intended materials science company will offer the strongest and broadest chemistry and polymers toolkit in the industry, with the scale and competitive capabilities to enable truly differentiated solutions for customers in high-growth end markets, including packaging, transportation, infrastructure and consumer care. The intended materials science company will be headquartered in Midland, Michigan.


    • A specialty products company that will consist of DuPont protection solutions, sustainable solutions, industrial biosciences and nutrition & health, which will integrate the health and nutrition business from FMC pending the close of that transaction; as well as electronic technologies, which combines DuPont's Electronics & Communications business with Dow's Electronic Materials business unit. The intended Specialty Products Company will be an innovation leader composed of technology-driven specialty businesses with highly differentiated products and solutions that transform industries and everyday life, according to DowDuPont. The intended Specialty Products Company will be headquartered in Wilmington, Delaware.
    Related Searches
    • specialty products
    • dow chemical
    • president
    • financial
    Related Knowledge Center
    • Personal Cleansers
    • Skin Care
    • Sun Care
    Suggested For You
    P&G Accelerates Action on Climate Change Toward Net Zero GHG Emissions by 2040 P&G Accelerates Action on Climate Change Toward Net Zero GHG Emissions by 2040
    Sunstar Acquires Austrian Tech-Innovator Playbrush Sunstar Acquires Austrian Tech-Innovator Playbrush
    Hims & Hers Appoints First-Ever Chief Growth Officer Amid Strong Q2 Results Hims & Hers Appoints First-Ever Chief Growth Officer Amid Strong Q2 Results
    Herbalife Nutrition Taps New Leadership & Expands With Wellness-Inspired Skin Care Collection Herbalife Nutrition Taps New Leadership & Expands With Wellness-Inspired Skin Care Collection
    Markwins Beauty Brands Founder  Eric Chen Dies Markwins Beauty Brands Founder Eric Chen Dies
    L’Oréal Partners with Clue to Research Skin Health and Menstrual Cycle L’Oréal Partners with Clue to Research Skin Health and Menstrual Cycle
    Estée Lauder Companies Executive Amber Garrison Named to American Indian Graduate Center’s Board of Directors Estée Lauder Companies Executive Amber Garrison Named to American Indian Graduate Center’s Board of Directors
    Mid-Atlantic Chapter of the SCC Looks at Modern African Beauty Mid-Atlantic Chapter of the SCC Looks at Modern African Beauty
    Cosway Beauty Brands Welcomes Kristen Turner to Marketing Team Cosway Beauty Brands Welcomes Kristen Turner to Marketing Team
    Influencer Courtney Shields Creates Makeup Line Influencer Courtney Shields Creates Makeup Line
    LBB Specialties Acquires Centerchem LBB Specialties Acquires Centerchem
    The Hut Group To Acquire Cult Beauty The Hut Group To Acquire Cult Beauty
    Hair Regeneration Company Closes $15 Million Series A Hair Regeneration Company Closes $15 Million Series A
    Arbonne CEO Elected to DSA Board of Directors Arbonne CEO Elected to DSA Board of Directors
    Innospec Expands Manufacturing Capabilities at Surfactants Facility Innospec Expands Manufacturing Capabilities at Surfactants Facility

    Related Content

    • P&G Accelerates Action on Climate Change Toward Net Zero GHG Emissions by 2040

      P&G Accelerates Action on Climate Change Toward Net Zero GHG Emissions by 2040

      A peek at the household and personal care leader's plan for sustainability in packaging and production.
      09.20.21

    • Sunstar Acquires Austrian Tech-Innovator Playbrush

      Sunstar Acquires Austrian Tech-Innovator Playbrush

      The majority stake in Playbrush will enable Sunstar to obtain digital growth opportunities through new data-driven business models in oral care.
      09.02.21

    • Hims & Hers Appoints First-Ever Chief Growth Officer Amid Strong Q2 Results

      Hims & Hers Appoints First-Ever Chief Growth Officer Amid Strong Q2 Results

      Mike Chi will be responsible for driving continued growth across an expanding number of telehealth specialties.
      09.01.21


    • Herbalife Nutrition Taps New Leadership & Expands With Wellness-Inspired Skin Care Collection

      Herbalife Nutrition Taps New Leadership & Expands With Wellness-Inspired Skin Care Collection

      In 2020, the company celebrated its 40-year anniversary with a new chief executive officer and chief operating officer.
      Melissa Meisel, Associate Editor 08.31.21

    • Color Cosmetics | Functional Ingredients | Pigments
      Markwins Beauty Brands Founder  Eric Chen Dies

      Markwins Beauty Brands Founder Eric Chen Dies

      The entrepreneur's empire includes Wet 'n' Wild, The Color Workshop, Bonnie Bell, Lip Smacker and more.
      08.28.21

      Loading, Please Wait..
      Trending
      • La Roche-Posay Takes Oily Skin To The Matte With Latest Double Repair Moisturizer
      • Parfums Christian Dior Launches Sustainability Program
      • L’Oréal Paris Has A New Answer For Men With Gray Hair
      • Old Spice X Arby's Collab Conquers The Meat Sweats
      Breaking News
      • Chillhouse & Sonos Collaborate on Music, Beauty & Selfcare
      • L’Oréal’s Solution for Gray Hair, Scotch Porter's New President & Boots No. 7 Beauty Is Not for Sale
      • SCOTUS EPA Ruling Won’t Impact General Regulatory Authority
      • Toning Collection For Zero-Brass Blondes is New at Colorproof
      • Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.
      View Breaking News >
      CURRENT ISSUE

      July 2022

      • American Cleaning Institute Takes on Onerous Regulations
      • Honeywell Technology Boosts Efficiency & Reduces Carbon Footprint
      • Skincare trends in Facial Cosmetics Producs
      • Preservatives for Household and Personal Care Formulas
      • Advancing the Research in Preservation Science

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Pharmavite Expands in Ohio with $200 Million Investment
      Nestlé Health Science Expands in New Zealand with Deal to Buy The Better Health Company
      Younger Consumers Drive Growing Demand for Ingestible Beauty and Skin Care Products
      Coatings World

      Latest Breaking News From Coatings World

      Azelis Acquires Chemical Partners, Strengthens Leadership in Africa and Middle East
      Emmanuelle Bromet Named Arkema Sustainable Development VP
      ROSS Planetary Dual Dispersers Have Unique Processing Flexibility
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      MPO's Most-Read Stories This Week—July 2
      OmniGuide Awarded FDA Clearance for RevoLix Hybrid Thulium Laser
      Pancryos Forges License Agreement for Microencapsulation Device
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Bayer Opens New Research and Innovation Center at Kendall Square
      Lonza Names Maria Soler Nunez as Head, Group Operations
      Eurofins DiscoverX Opens Shanghai Office
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Dexlevo Introduces Beauty Treatment technique, ‘GOURI’
      Revision Skincare Exec Wins Ernst & Young Entrepreneur of the Year
      Latest Updates About Cosmoprof North America
      Happi

      Latest Breaking News From Happi

      Chillhouse & Sonos Collaborate on Music, Beauty & Selfcare
      L’Oréal’s Solution for Gray Hair, Scotch Porter's New President & Boots No. 7 Beauty Is Not for Sale
      SCOTUS EPA Ruling Won’t Impact General Regulatory Authority
      Ink World

      Latest Breaking News From Ink World

      Smurfit Kappa Invests €11.5 Million in Zülpich Paper Mill Project
      Weekly Recap: Flint OPS, Xerox and MNYPIA Top This Week’s News
      Azelis Acquires Chemical Partners, Adds to Leadership in Africa and Middle East
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      UPM Raflatac boosts operations in US, All4Labels returns to HP and more
      Fedrigoni Self-Adhesives to exhibit at Labelexpo Americas for first time
      CELAB Europe wins Paper Recycling award
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Weekly Recap: Lifetime Technical Achievement Award Presented to Richard Knowlson, Alkegen Completes Luyang Acquisition & More
      Glatfelter, Blue Ocean Closures Partner with Absolut
      What You’re Reading on Nonwovens-Industry.com
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      ODT's Most-Read Stories This Week—July 2
      NuVasive Inc. Opens Singapore Experience Center
      Pedicle Screw Systems Market to Top $3B in 2027
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Weekly Recap: eMagin, Identiv, and Japan Display Top This Week’s Stories
      Epishine is Building a New Solar Cell Factory in Linköping, Sweden
      Toppan Establishes CVC Fund and Investment Management Company in the US

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login