The company wants to concentrate on new core areas in the future. This should include electronics, water and industrial technologies.
The US specialty chemicals company Dupont de Nemours wants to realign its business. Dupont will take over electronics materials specialist Rogers Corporation for $ 5.2 billion, the company announced in Wilmington on Tuesday.
The transaction is expected to be completed in the second quarter of 2022. The antitrust authorities and Roger shareholders have yet to approve. In addition, the group will sell a large part of its unit (Mobility & Materials), which specializes in materials for the automotive industry, it said. The “Wall Street Journal” had previously reported on it.
“In the future, our portfolio will focus on the core areas of electronics, water, protection, industrial technologies and the next generation of the automotive industry,” said company boss Ed Breen, according to the announcement. This would significantly improve sales growth, the operating margin (Ebitda) and earnings stability. Dupont could then place itself among the best companies in the industry.
The electronics and industry, which is to be merged with Rogers, made up about a third of sales in the past quarter. The area of mobility and materials also contributes almost a third to the group’s revenues. In the meantime, the company reduced its targets for the year as a whole due to the shortage of semiconductors, especially in the automotive industry, an important customer group.
Source From: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
