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Carlyle to Buy DuPont’s Automotive Coatings Unit for $4.9 Billion
12:39 PM MDT | August 30, 2012 | Robert Westervelt
The Carlyle Group (Washington) has agreed to purchase DuPont’s performance coatings unit (DPC) for $4.9 billion in cash. DuPont’s performance coatings unit is a global supplier of vehicle and industrial coating systems with 2011 sales of $4.3 billion, pretax operating income of $271 million, and more than 11,000 employees. More than 75% of the unit’s 2011 sales were outside U.S. “DuPont Performance Coatings is a successful business with attractive market positions, next-generation technology, and established brands,” says...
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