Mexican Media Brands
Carlyle to Pay $4.9 Billion for DuPont Auto Paint Unit
Washington, D.C.-based private equity firm Carlyle Group LP, has agreed to acquire DuPont Co.'s automotive paint and coatings unit for $4.9 billion and the assumption of $250 million of debt.
Share
Washington, D.C.-based private equity firm Carlyle Group LP, has agreed to acquire DuPont Co.'s automotive paint and coatings unit for $4.9 billion and the assumption of $250 million of debt.
The companies expect to close the deal in the first quarter of next year, pending regulatory approvals.
DuPont, which is based in Wilmington, Del., is divesting the business to focus on such core businesses as food and biofuels. The auto paint operation has more than 11,000 employees and supplies Ford, General Motors and aftermarket refinishers such as Maaco.
DuPont says the unit generates annual sales of more than $4 billion. Its second-quarter operating earnings rose 26% year over year to $92 million.
RELATED CONTENT
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
