Feb 19, 2016

Dow, DuPont announce HQ sites of independent ag companies

DuPont and The Dow Chemical Company announced the U.S. site structure for the global agriculture leader the companies intend to create following the planned separation of DowDuPont into three independent, publicly traded companies.

The corporate headquarters for the Agriculture company will be located in Wilmington, Delaware and will include the office of the CEO and key corporate support functions. Sites in Johnston, Iowa and Indianapolis, Indiana will serve as Global Business Centers, with leadership of business lines, business support functions, R&D, global supply chain, and sales and marketing capabilities concentrated in the two Midwest locations. In addition, the independent Agriculture company will feature DuPont in the company’s name, following completion of the corporate naming and branding process.

Each headquarters location of the three intended independent, publicly traded companies have now been determined.

• Agriculture Company:An Agriculture company that unites the Seeds and Crop Protection businesses from DuPont and Dow. The Agriculture company will be headquartered in Wilmington, Delaware, and will feature DuPont in the company’s name.
• Material Science Company:The company will consist of Dow’s Performance Plastics, Performance Materials and Chemicals, Infrastructure Solutions, Consumer Care and Automotive Solutions (excluding the Dow Electronic Materials business) operating segments, as well as DuPont’s Performance Materials segment. The Material Science company will be headquartered in Midland, Michigan, and will feature Dow in the company’s name.
• Specialty Products Company: The company is expected to be composed of four strong businesses, which include DuPont’s Nutrition & Health, Industrial Biosciences, and Protective Solutions businesses as well as the integration of DuPont’s Electronics & Communications business with Dow’s Electronic Materials business unit. The Specialty Products company will be headquartered in Wilmington, Delaware.

Prior to the intended separation into three independent companies, DowDuPont will be dual headquartered in Wilmington, Delaware and Midland, Michigan.

Both parties continue to plan for the closing of the transaction during the second half of 2016, subject to satisfying the necessary closing conditions including obtaining the required pre-merger regulatory approvals, Dow said.