Delaware is headquarters for two of new DowDuPont businesses
April 07, 2016
DuPont and Dow announced on 19 February that Delaware, USA would be the location for the headquarters of the agriculture company they intend to create after completion of their proposed merger.
On 11 December, the two US chemical giants announced that they would merge in a deal valuing them at US$130bn.
The merged DowDuPont company will be split in three within two years, focusing on agriculture, materials and speciality products.
DuPont and Dow had already announced in December that they would be headquartering their specialty products business in Delaware.
According to Reuters, the merger would allow Dow and DuPont to rejig their assets based on the diverging fortunes of their businesses.
The companies had been struggling with falling demand for farm chemicals due to slumping crop prices and a strong dollar, even as their plastics businesses thrived thanks to low natural gas prices.
DuPont manufactures products used in petrochemicals, pharmaceuticals and construction while Dow produces plastics, chemicals, hydrocarbons and agrichemicals.