Multinational chemical companies Dow and DuPont have finalised their $130 billion merger, with the new company, DowDuPont trading on the New York Stock Exchange from 1 September.
“Today marks a significant milestone in the storied histories of our two companies,” said Andrew Liveris, executive chairman of DowDuPont. “While our collective heritage and strength are impressive, the true value of this merger lies in the intended creation of three industry powerhouses that will define their markets and drive growth for the benefit of all stakeholders.”
The company’s Board has established three Advisory Committees to oversee the establishment of each of the new Agriculture, Materials Science (Dow) and Specialty Products divisions in preparation for separation into separate companies. The proposed agricultural company will combine the activities of DuPont Pioneer, DuPont Crop Protection and Dow AgroSciences. According to DowDuPont, ‘The combined capabilities and highly productive innovation engine will enable the intended Agriculture Company to bring a broader suite of products to the market faster, so it can be an even better partner to growers, delivering innovation and helping them to increase their productivity and profitability.’
Photo Caption: Andrew Liveris is the new CEO of the combined company
Photo Credit: Dow