Ink Manufacturers News, Mergers and Acquisitions

DuPont Completes Divestiture of Aramids Business

This transaction valued the Aramids business at approximately $1.8 billion.

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By: Rachel Klemovitch

Assistant Editor

DuPont has completed the previously announced divestiture of its Aramids business (Kevlar and Nomex) to Arclin, a portfolio company of an affiliate of TJC, L.P. (TJC). This transaction valued the business at approximately $1.8 billion. With the close of the transaction, DuPont receives pre-tax cash proceeds of approximately $1.2 billion, subject to customary transaction adjustments, a note receivable of $300 million, and a non-controlling common equity interest in Arclin currently valued ...

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