DowDuPont has announced the successful completion of the merger between The Dow Chemical Company (Dow) and E.I. du Pont de Nemours & Company (DuPont) effective Augustus 31, 2017. The combined entity is operating as a holding company under the name DowDuPont with three divisions – Agriculture, Materials Science and Specialty Products.
“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. Our teams have been working for more than a year on integration planning, and — as of today — we will hit the ground running on executing those plans with an intention to complete the separations as quickly as possible,” said Andrew Liveris, executive chairman of DowDuPont.
With the creation of three independent companies, DowDuPont intends to better position its products and investments in science and innovation.
“With the merger now complete, our focus is on finalizing the organizational structures that will be the foundations of these three intended strong companies and capturing the synergies to unlock value. With clear focus, market visibility and more productive R&D, each intended company will be equipped to compete successfully as an industry leader,” said Ed Breen, chief executive officer of DowDuPont.