DuPont considers selling its refrigerants business
USA: DuPont is considering selling all or part of its Performance Chemicals division, a sector of the company which includes its refrigerants business. The division, which includes its Titanium Technologies and Chemicals & Fluoroproducts businesses, generated total sales of $7.2bn in 2012.
According to the company, it will consider strategic alternatives which may include a full or partial separation of each of these businesses from the company through a spin-off, sale or other transaction.
“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 integrated science can be differentiated,” said chair and CEO Ellen Kullman. “We are evaluating options for our Performance Chemicals businesses as part of our ongoing plan to deliver higher growth and greater value creation for our shareholders.”
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