DuPont completed the previously announced divestiture of the majority of its former Mobility & Materials segment to Celanese for $11 billion in cash, subject to customary transaction adjustments.
The results of the M&M Business were reclassified and reported as discontinued operations beginning in the first quarter 2022.
The company will provide further information, including the intended use of proceeds, as part of its upcoming third-quarter 2022 earnings conference call scheduled for Nov. 8.
DuPont has become smaller in recent years as it sheds businesses while retaining well-known product lines like Tyvek and Kevlar while also focusing on the faster-growing electronics area.
In Delaware, the company has been upgrading its manufacturing sites, with work now underway on a new electronic materials plant south of Newark.
Its $5 billion purchase of electronics materials company Rogers Corp. has not yet been approved by Chinese regulators.
DuPont is headquartered in Chestnut Run, west of Wilmington.
(See earlier story below on sale)
