DuPont exploring sale of performance chemicals unit
10:47 AM MDT | July 23, 2013
DuPont says it is exploring the sale or spin-off of its $7-billion/year performance chemicals unit as part of its transformation to a â€śhigher growth, less cyclical company.â€ť DuPontâ€™s decision to exit performance chemicals segment follows the sale of its automotive coatings business earlier this year and the acquisition of Danisco, in 2011. "We have been carefully weighing the strong cash generation of our performance chemicals businesses against their cyclicality and lower growth profile, as well as where the power of DuPont's science can be...
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