Dow, DuPont merger complete; 3 companies to form
Oct. 8, 2017 at 8:59 p.m.
Updated Oct. 9, 2017 at 6 a.m.
DowDuPont is the start of a new future for Dow Chemical Company and DuPont USA.
Combining DuPont and Dow creates a launch pad for three industry-leading independent companies, said Jarrod Erpelding, company spokesman.
With the merger complete, officials' focus is on launching these companies.
The Dow Seadrift plant and the DuPont plant in Victoria County will continue as normal at company sites, but as the three companies are established, site plans and employment levels will be determined.
"We have formed three divisions in agriculture, materials science and specialty products that will be strong competitors in their respective industries and will have solid foundations for sustainable growth over the long term," he said.
Each company will be able to embrace full growth potential with an industry focus by allocating capital effectively and expanding its products and solutions to more customers worldwide.
"The three intended companies will redefine and shape the future of their industries," Erpelding said. "Backed by existing expertise, they will focus their resources on the science solutions and services that will make the most difference for customers and society at large."
The separation of the three companies is expected to happen within 18 months. Dow and DuPont officials are developing future operating models and organizational designs to support the strategy of each company, according to a news release. Each company will have its own processes, employees, assets systems and licenses to operate separately from the parent company, DowDuPont.
Dow and DuPont customers can expect business to continue as usual in the near future, he said. Both companies will serve their customers through their brands and trademarks for a period of time. Dow and DuPont now trade as DowDuPont on the New York Stock Exchange.
As the integration process advances, the companies' footprints will evolve as well as total employment levels, Erpelding said.
"Employees will benefit from being part of one of three highly focused and competitive industry leaders built for sustainable, long-term growth," he said.
By combining the strengths of the two companies, they will be able to respond faster and more effectively to changing conditions with products, better choices and competitive prices, Erpelding said. In exchange, customers will benefit from superior solutions and expanded products.
The merger was announced December 2015 and completed Sept. 1.