TJC completes acquisition of majority stake in DuPont's Delrin business for $1.8B

The Jordan Company (TJC) completed the acquisition of 80.1% of DuPont's Delrin POM homopolymer business, valuing the business at approximately $1.8 billion. DuPont retains a 19.9% stake and received about $1.28 billion in cash plus a $350 million bond.

“Under the umbrella of TJC, Delrin will be managed as an independent company by Jürgen Pongratz.”plasticker.de

• 1 source
• plasticker.deDuPont: Sale of Delrin business to TJC completedNew Media Publisher GmbH, KaarstNov 30, 2023

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