DuPont and The Dow Chemical Company announced the U.S. site structure for the global agriculture leader the companies will 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, DL, and will include the office of the CEO and key corporate support functions.
Existing sites in Johnston, IA, and Indianapolis, IN, 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 those locations.
The independent Agriculture company will feature DuPont in the company’s name, following completion of the corporate naming and branding process.
“This efficient structure takes full advantage of the unique expertise and resources that exist in each location, enabling us to deliver the long-term opportunity for the leading global Agriculture company we intend to create,” said Edward D. Breen, chairman and CEO of DuPont.
“The intended Agriculture company will be highly focused, stronger, more competitive, more resilient and better equipped to deliver growth and long-term, sustainable value than either DuPont or Dow could deliver on its own.”
This structure enables the consolidation of DuPont’s and Dow’s complete agriculture capabilities across seed and crop protection in three primary locations, and was specifically developed to help achieve $1.3 billion in synergies, while establishing a strong foundation for sustainable long-term growth for the company, its employees and local communities.
“The proposed combination of Dow’s and DuPont’s agricultural businesses will create a U.S.-based global leader with the scale and breadth necessary to deliver greater value and choice for growers worldwide and compete against the largest global competitors,” said Andrew N. Liveris, chairman and CEO of Dow.
“Both companies have highly respected brands in the agriculture industry, which we will continue to build and leverage,” added Breen. “Going forward, we will be better equipped to meet and exceed grower expectations for innovation in crop technology and agricultural services. We intend to bring a broader suite of products to the market, faster, to increase grower productivity and profitability.”
Source – DuPont, Dow Chemical Company