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DuPont and Dow Chemical Company have signed a US$140bn merger that will give rise to one major agriculture-centric venture in addition to two other companies
The global pure-play agriculture company unites DuPont’s and Dow’s seed and crop protection businesses, stated Dow. The combined entity is expected to have a diverse portfolio and cater to growers across geographies.
Dow chairman and CEO Andrew Liveris said, “This transaction is a game-changer for our industry and reflects the culmination of a vision we have had for more than a decade to bring together these two powerful innovation and material science leaders.
“Over the last decade our entire industry has experienced tectonic shifts as an evolving world presented complex challenges and opportunities – requiring each company to exercise foresight, agility and focus on execution. This transaction is a major accelerator in Dow’s ongoing transformation, and through this we are creating significant value and three powerful new companies. This merger of equals significantly enhances the growth profile for both companies, while driving value for all of our shareholders and our customers.”