(Corrects to say Dupont will ‘sell’, not ‘retain’, Kevlar and Nomex brands in paragraph 3) (Reuters) -Chemical maker DuPont said on Friday it will sell its Aramids business to peer Arclin for $1.8 billion. The sale comes as the Wilmington, Delaware-based company undergoes a broader reorganization, including the spinoff of its electronics business. DuPont will […]
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DuPont to sell Aramids business to Arclin for $1.8 billion
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(Corrects to say Dupont will ‘sell’, not ‘retain’, Kevlar and Nomex brands in paragraph 3)
(Reuters) -Chemical maker DuPont said on Friday it will sell its Aramids business to peer Arclin for $1.8 billion.
The sale comes as the Wilmington, Delaware-based company undergoes a broader reorganization, including the spinoff of its electronics business.
DuPont will sell the Kevlar and Nomex brands from the Aramids portfolio as a part of the agreement.
The company expects pre-tax cash proceeds of about $1.2 billion upon the sale’s close, along with a note receivable of $300 million and a non-controlling stake valued at $325 million in Arclin.
The deal is expected to close in the first quarter of 2026.
(Reporting by Pranav Mathur and Vallari Srivastava in Bengaluru; Editing by Devika Syamnath)