DuPont glass laminating business sold to Japanese company for $543 million

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Walkway between Du Pont and Nemours buildings
University of Delaware Library / Foter.com / CC BY-NC-ND

Kuraray, a Japanese company  and DuPont  announced  a definitive agreement for DuPont to sell Glass Laminating Solutions/Vinyls, a part of DuPont Packaging & Industrial Polymers, to Kuraray for $543 million  plus the value of the inventories.  The sale is expected to close during the first half of 2014 pending  regulatory approvals.

GLS/Vinyls is a leading supplier of polyvinyl butyral and ionomer sheets for safety glass, and vinyl acetate monomer and polyvinyl alcohol (PVA) products used in a variety of architectural, automotive and industrial applications. Sales are about $500 million.   The unit  has about 600 employees with six manufacturing sites in the U.S., Europe and Asia that serve more than 350 customers worldwide.

“GLS/Vinyls will have a good home with Kuraray.  That company’s focus on PVA as a central part of its core Vinyl Acetate business, its strong global market position and its capacity to invest in GLS/Vinyls all make this a good fit,” said William J. Harvey, president, DuPont Packaging & Industrial Polymers.

Kuraray was established in 1926.   Kuraray has overseas subsidiaries in 19 countries and regions outside Japan, as a global specialty chemical company.  For more information, visit the company’s website at www.kuraray.co.jp/en

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