• 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
    Help for Indies

    The Future Has Arrived

    Shape It Up

    Stepping into the Spotlight for 2021

    The Independent Beauty Association Supports Sensible Reform
    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
    ACI and CBC Launch Webpage About ‘Quats’

    L’Occitane Launches Hand Cream Inspired by Women

    Kiehl’s Partners with Gyrl Wonder

    Mizani Launches New Hair Products

    P2 Science Appoints Foley to Scientific Advisory Board
    Blog
    Online Exclusives
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    21. Kosé

    44. Turtle Wax

    10. Lion

    47. State Industrial

    29. Mandom
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    BASF Care Chemicals Issues Price Increase

    Innospec Increases Prices

    Amyris Buys Brazilian Clean Beauty Brand

    What You're Reading on Happi.com

    Cosmetic Chemical Sales To Post CAGR 5.8% To 2025
    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

    ACI and CBC Launch Webpage About ‘Quats’

    L’Occitane Launches Hand Cream Inspired by Women

    Kiehl’s Partners with Gyrl Wonder

    Mizani Launches New Hair Products

    Indena Becomes First Italian Company Authorized to Produce CBD
    Lab Equipment
    Mixing
    Packaging
    Testing

    Burt’s Bees Outlines New Sustainability Goals

    Secret, Old Spice Add Refillable Deo Packaging

    Estée Lauder Travel Retail's Sustainability Goals

    Ross Introduces Double Cone Tumble Blender

    Happi Talks: Overnight Labels
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Vantage Specialty Ingredients

    Siltech Corporation

    Resolute Oil

    Praan Naturals

    Croda
    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
    • Experts Opinion
    • Slideshows
    • HappiTV
    • Videos
    • Podcasts
    • eBook
    • Infographics
    • 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

    The Latest on DowDuPont

    Specialty Products division to get tweaked after investors complain.

    Related CONTENT
    • Bell International Laboratories
    • Trade Association Directory 2021
    • A Clean Commitment
    • Genomatica Brings New Level of Transparency to Personal Care
    • Semi-solid Cosmetic Ingredients from P2 Science
    09.13.17
    Investors were heard at DowDuPont. After Executive Chairman Andrew Liveris told CNBC in an interview that company executives got 90% of the merger right, DowDuPont today announced that its Board of Directors and management, with the assistance of independent advisors, have completed their comprehensive review of the portfolio composition of the three intended independent companies. After pressure from activist investors, the Board unanimously concluded that, in light of knowledge gained since the announcement of the transaction, certain targeted adjustments will be made between the Materials Science and Specialty Products divisions, which will enhance the competitive advantages of the intended resulting companies. As a result, the material science company is smaller than originally planned and the specialty products business bigger. In a statement, DowDuPont said the changes better align these businesses with the end-markets they serve, ensuring clear focus, market visibility, targeted innovation and stronger growth profiles, and better equip each to compete successfully as industry leaders.


    Specifically, the Specialty Products Company will include a nutrition and biosciences business that will cover personal care


    The DowDuPont Board of Directors approved the changes based on: a thorough review led by the lead independent directors, which included recommendations provided by McKinsey & Company; a comprehensive business and operational analysis leveraging knowledge gained over the past 20 months of pre-merger planning; and input from a wide range of stakeholders, including both investors and financial advisors.


    As a result of this comprehensive analysis, DowDuPont will realign the following businesses to the Specialty Products Division from the Materials Science Division: Dow's Automotive Systems' adhesives and fluids platforms, Dow's Building Solutions business, Dow's Water and Process Solutions business, Dow's Pharma and Food Solutions business, Dow's Microbial Control business, DuPont's Performance Polymers business, several silicones-based businesses aligned with applications in industrial LED, semiconductors, medical, as well as Molykote brand lubricants for automotive and industrial equipment and Multibase Inc, which provides solutions for the thermoplastic compounding industry


    On a forecasted 2017 basis, the businesses that will be realigned to the Specialty Products Division account for total net sales of more than $8 billion and operating EBITDA of approximately $2.4 billion, including approximately 40% of the heritage Dow Corning EBITDA. Relative to the original merger agreement, the adjustments are approximately $4 billion of net sales from the heritage Dow portfolio, evenly split between the Consumer Solutions and Infrastructure Solutions segments; and approximately $4 billion of net sales from the heritage DuPont Performance Polymers business moving to the Specialty Products Division.


    "Our DowDuPont Board is fully aligned and confident that these targeted portfolio adjustments are the right actions to take and will benefit all stakeholders over the long term," said Liveris. "They bear out the clear results of a significant comprehensive analysis the Dow and DuPont boards undertook over the past many months, which benefited from a fresh look provided by independent, third-party external advisors, in particular McKinsey & Company. We built on the wealth of knowledge gained as both companies advanced our integration work together. These adjustments are also fully supported by the Materials Science Advisory Committee, as they better align select businesses with the market verticals they serve, while maintaining integration and innovation strengths within strategic value chains. As a result, both our Materials Science and Specialty Products divisions will be well-positioned to better anticipate and meet customer needs through focused innovation and technology development that will deliver accelerated growth from a broader suite of best-in-class products."


    "The changes we are making will enhance the competitive advantages and value creation potential of DowDuPont and ensure that the intended companies have the best possible foundation to drive long-term value for all stakeholders," said Ed Breen, chief executive officer of DowDuPont. "The facts clearly supported the strategic logic of this portfolio configuration. Each of the intended companies will have even stronger competitive positioning, high value-added customer solutions, and a distinct and compelling investment thesis, while maximizing opportunities for strategic growth and synergies. With clear focus, each will serve attractive and growing markets, investing in innovation and delivering greater returns for shareholders."


    DowDuPont reiterates its previously announced plans to achieve run-rate cost synergies of approximately $3 billion and approximately $1 billion in growth synergies. Following the portfolio realignments, the three intended companies of DowDuPont are as follows:

    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 (seeds, traits, crop chemicals, seed treatment, agronomy and digital services), ensuring 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 company will be headquartered in Wilmington, Delaware, with global business centers in Johnston, Iowa, and Indianapolis, Indiana.


    A Materials Science Company that will be the premier materials science solution provider, with the vast majority of its sales aligned with three narrower and deeper, high-growth market verticals: packaging, infrastructure and consumer care. With one of the strongest and deepest toolkits in the industry, the intended company will have robust technology and asset integration, scale and competitive capabilities to enable truly differentiated materials science solutions for customers. The intended company will consist of three powerful, market-leading segments: Performance Materials & Coatings, which combines a broad range of technology platforms that empower its customers to: create ingredients and solutions with exceptional performance and process enhancements for home and beauty care applications; and develop solutions that advance the performance of architectural and industrial coatings.
    Industrial Intermediates & Infrastructure, which develops solutions that enable unique properties in manufacturing processes, infrastructure markets and downstream finished goods. The technologies in this business unit: deliver innovative solutions that enable the tapping of oil and gas resources; optimize manufacturing with additives that minimize friction and heat in mechanical processes, manage the oil-water interface and facilitate dissolvability; advance energy efficiency solutions in white goods; and enable infrastructure material properties through unique modifiers and additives.


    Packaging & Specialty Plastics, which represents one of the world's deepest and most differentiated performance plastics portfolios. The solutions and technologies in this unit: address consumer and brand owner demand for increased packaging convenience; reduce food waste; and advance the global development of telecommunications and electrical transmission and distribution infrastructure. The intended company will maintain the Dow brand and will be headquartered in Midland, Michigan.


    And finally, and most importantly for Happi's readers, a Specialty Products Company that will be a customer-driven innovation leader composed of technology-based differentiated materials, ingredients, and solutions that transform industries and everyday life. The intended company will apply its market knowledge and deep expertise in science and application development to solve customer needs in distinct markets, including electronics, transportation, building and construction, health and wellness, food and safety. The intended company will consist of four market-leading segments:
    • Electronics & Imaging, the world's largest supplier with the broadest set of materials and technologies to solve complex problems for the semiconductor, circuit board, photovoltaic, display and flexographic printing industries that enable the next generation of connectivity and functionality, as well as the convergence of electronic capabilities into everyday life, such as autonomous and electric vehicles.
    • Transportation & Advanced Polymers, an industry leader providing high-performance engineering resins, adhesives, lubricants and parts to engineers and designers in the transportation, electronics and medical markets to enable integrated materials solutions for demanding applications and environments.
    • Safety & Construction, a global leader and trusted partner with category-leading, proprietary branded products including high-performance fibers and foams, aramid papers, non-woven structures, membranes and filtration technologies and protective garments serving the construction, worker safety, energy, oil & gas, transportation, water purification and medical markets.
    • Nutrition & Biosciences, a market leader and technology pioneer collaborating with customers in food, pharma and personal care markets, utilizing naturally sourced ingredients and bioscience capabilities, including protein and microbial engineering and industrial-scale fermentation, to create higher performing, healthier and more sustainable offerings (such as probiotics, enzymes, antimicrobial technologies, pharma excipients and biomaterials). The intended company will be headquartered in Wilmington, Delaware.
    Related Searches
    • foundation
    • science
    • oil
    • it
    Related Knowledge Center
    • Laundry Care
    • Surfactants
    • Polymers
    Suggested For You
    Bell International Laboratories Bell International Laboratories
    Trade Association Directory 2021 Trade Association Directory 2021
    A Clean Commitment A Clean Commitment
    Genomatica Brings New Level of Transparency to Personal Care Genomatica Brings New Level of Transparency to Personal Care
    Semi-solid Cosmetic Ingredients from P2 Science Semi-solid Cosmetic Ingredients from P2 Science
    Church & Dwight Posts Gains in Q3 Church & Dwight Posts Gains in Q3
    New Beauty: Market Disruption, But Not Interruption New Beauty: Market Disruption, But Not Interruption
    Dow DuPont Merger Is Completed Dow DuPont Merger Is Completed
    Right Decisions Under Pressure Right Decisions Under Pressure
    The Great Unknown The Great Unknown
    Target Names Executive VP Target Names Executive VP
    Is Herbalife Going Private? Is Herbalife Going Private?
    Dow CEO Says Industry Ended Councils Dow CEO Says Industry Ended Councils
    Trian-P&G Battle Continues as Peltz Seeks Board Seat Trian-P&G Battle Continues as Peltz Seeks Board Seat
    Come Together! The Capabilities of Dow Chemical & Dow Corning Come Together! The Capabilities of Dow Chemical & Dow Corning

    Related Breaking News

    • Hair Care
      Mizani Launches New Hair Products

      Mizani Launches New Hair Products

      Unveils Wonder Crown Scalp Foaming Pre-Cleanser, Heat Screen Heat Protectant Spray and Coco Dew Pre-Styling and Restyling Spray.
      Charles Sternberg, Assistant Editor 03.01.21

    • Hair Care
      John Paul Mitchell Systems Names New CEO

      John Paul Mitchell Systems Names New CEO

      Michaeline DeJoria takes over role; Jason Yates promoted to president.
      Christine Esposito, Managing Editor 03.01.21

    • Functional Ingredients | Hair Care | Personal Cleansers | Skin Care | Surfactants
      BASF Care Chemicals Issues Price Increase

      BASF Care Chemicals Issues Price Increase

      Increase in off-list prices of select materials set for April 1.
      Christine Esposito, Managing Editor 03.01.21


    • Functional Ingredients | Hair Care | Household Cleaning | Laundry Care | Personal Cleansers | Surfactants
      Innospec Increases Prices

      Innospec Increases Prices

      Move impacts specialty products sold into personal care, home care and industrial markets.
      Tom Branna , Editorial Director 03.01.21

    • Functional Ingredients | Skin Care
      Amyris Buys Brazilian Clean Beauty Brand

      Amyris Buys Brazilian Clean Beauty Brand

      Costa Brazil Co-founder Francisco Costa to join Amyris as chief creative officer.
      Tom Branna, Editorial Director 03.01.21

    • Actives | Color Cosmetics | Disinfectants | Functional Ingredients | Household Cleaning | Laundry Care | Pigments | Sun Care | Surfactants
      What You

      What You're Reading on Happi.com

      A new CMO at MAC gets the most views for the week ended February 27, 2020.
      Tom Branna, Editorial Director 02.28.21


    • Actives | Color Cosmetics | Functional Ingredients | Hair Care | Personal Cleansers | Pigments | Polymers | Preservatives | Skin Care | Surfactants
      Cosmetic Chemical Sales To Post CAGR 5.8% To 2025

      Cosmetic Chemical Sales To Post CAGR 5.8% To 2025

      North America will be the fastest growing region, says ResearchandMarkets.
      Tom Branna, Editorial Director 02.27.21

    • Household Cleaning
      ACI Urges Senate to Approve Regan as EPA Administrator

      ACI Urges Senate to Approve Regan as EPA Administrator

      Sends a letter to Chuck Schumer and Mitch McConnell supporting the nomination.
      Melissa Meisel, Associate Editor 02.26.21

    • Color Cosmetics | Fine Fragrance | Personal Cleansers | Skin Care
      Sephora To Open More Stores in 2021

      Sephora To Open More Stores in 2021

      Adding more than 60 freestanding units, most outside malls.
      Tom Branna, Editorial Director 02.26.21


    • Household Cleaning
      ACI Unveils New Online Resources

      ACI Unveils New Online Resources

      Aims to enhance consumer understanding and access to information about cleaning product ingredients.
      Melissa Meisel, Associate Editor 02.25.21

    • Functional Ingredients | Pigments
      Sales More Than Double at Madison Reed

      Sales More Than Double at Madison Reed

      Hair color company raises $52 million in funding.
      Tom Branna, Editorial Director 02.25.21

    • Personal Cleansers
      Another Hand Sanitizer Firm Flagged by FDA

      Another Hand Sanitizer Firm Flagged by FDA

      Agency detains batch with potency that doesn't match the label.
      Christine Esposito, Managing Editor 02.24.21


    • Actives | Functional Ingredients | Sun Care
      Eucerin Launches Sun Protection Formula

      Eucerin Launches Sun Protection Formula

      Actinic Control SPF100 helps prevent actinic keratosis and non-melanoma skin cancer.
      Tom Branna, Editorial Director 02.24.21

    • Disinfectants | Household Cleaning
      P&G Expands Microban24 to UK

      P&G Expands Microban24 to UK

      First launch for P&G’s newest cleaning brand outside the US market.
      Christine Esposito, Managing Editor 02.23.21

    • Hair Care
      Viviscal Launches Hair Therapy

      Viviscal Launches Hair Therapy

      A line of mix-in powder supplements.
      Charles Sternberg, Assistant Editor 02.22.21

    Trending
    • When The FTC Comes Calling...
    • MAC Appoints SVP, Global Marketing
    • Formulating Liquid Laundry Detergents
    • What You're Reading On Happi.com
    • Products Of The Year
    Breaking News
    • ACI and CBC Launch Webpage About ‘Quats’
    • L’Occitane Launches Hand Cream Inspired by Women
    • Kiehl’s Partners with Gyrl Wonder
    • Mizani Launches New Hair Products
    • P2 Science Appoints Foley to Scientific Advisory Board
    View Breaking News >
    CURRENT ISSUE

    February 2021

    • Help for Indies
    • Trade Association Directory 2021
    • The Future Has Arrived
    • Shape It Up
    • View More >

    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

    Martin Bauer Group Acquires Majority Stake in Beverage Company Power Brands
    Gencor Announces Positive Results in VeriSperse Bioavailability Study
    PanTheryx Inc. Acquires TruBiotics Brand from Bayer HealthCare LLC
    Coatings World

    Latest Breaking News From Coatings World

    Mule-Hide Products Co. Promotes Steven Litaker to Territory Manager
    Terra Firma, Wanhua Announce New Distribution Partnership
    Gelest CEO Elected to National Academy of Engineering
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Axonics Buys Contura to Expand to Stress Urinary Incontinence
    Nurx Appoints Chief Medical Officer
    Median Technologies, UC San Diego to Partner on AI-Based Medical Imaging Technology
    Contract Pharma

    Latest Breaking News From Contract Pharma

    J&J’s Single-Dose COVID-19 Vax Issued EUA
    Icon to Acquire PRA Health Sciences
    Phlow Corp. and USP Form Alliance
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Universal Engraving Announces New President
    Raw Sugar Living Expands to Target with New Collection
    Supporting Female Beauty Brand Founders on International Women's Day
    Happi

    Latest Breaking News From Happi

    ACI and CBC Launch Webpage About ‘Quats’
    L’Occitane Launches Hand Cream Inspired by Women
    Kiehl’s Partners with Gyrl Wonder
    Ink World

    Latest Breaking News From Ink World

    Access Direct Mail Doubles Revenue with SCREEN's Truepress Jet520HD
    Etiflex Enters New Markets with Nilpeter FA-22 Installation
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    TLMI analyzes pandemic's effect on label industry in new report
    UEI names Ross Hutchison president
    Schreiner MediPharm and AARDEX partner for clinical trials
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    U.S. Nonwovens Rebrands as Radienz Living
    What You’re Reading on Nonwovens-Industry.com
    Texas Medical Technology Partners with My Protect Kit
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Pandemic Pain: NuVasive's 2020 Sales Fall 10 Percent
    Fusion Robotics Receives FDA Clearance for Spinal Navigation and Robotics System
    Kaia Health Unveils Next-Gen Complete MSK Care Solutions
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research

    Copyright © 2021 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