# DuPont to sell 80.1% stake in Delrin business to TJC for $1.8B

DuPont announced a definitive agreement to sell an 80.1% ownership interest in its Delrin acetal homopolymer business to TJC LP, valuing the business at $1.8 billion. DuPont will receive approximately $1.25 billion in cash at close, a $350 million note, and retain a 19.9% stake.

- Type: Acquisition
- Announced: 2023-08-21
- Where: United States
- Value: $1.80B
- Status: announced
- Products: Delrin acetal homopolymer
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [DuPont](https://endata.com/companies/13205.md)
- [TJC](https://endata.com/companies/13432.md) (acquirer)

## Sources

- [dupont.com](https://www.dupont.com/news/dupont-announces-agreement-to-divest-80-percent-ownership-in-delrin-business-to-tjc.html), 2023-08-21: "DuPont today announced a definitive agreement to sell an 80.1% ownership interest in the Delrin acetal homopolymer (H-POM) business to TJC LP in a transaction valuing the business at $1.8 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.