DuPont sells Performance Coatings for $4.9 billion

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The Carlyle Group  signed a definitive agreement whereby Carlyle will buy DuPont Performance Coatings (DPC) for $4.9 billion in cash.

The transaction is expected to close in the first quarter 2013, subject to customary closing conditions and regulatory approvals.

Carlyle had earlier been identified as a leading candidate to purchase the business that provides finishes to automakers and body shops.

DPC has projected 2012  sales of more than $4 billion and more than 11,000 employees.

DuPont has trimmed plant  investments or sold off slower-growth businesses as it focuses on faster-growing technologies.

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Click on the link to the release below for more details.

All Releases | DuPont.

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