Friday, January 26, 2007

DuPont sells subsidiary to Swiss firm

Switzerland's Sika AG, a specialty chemical maker, is buying E.I. DuPont de Nemours & Co.'s protective coatings product lines.

The assets being acquired are designed to protect concrete, steel and other materials from corrosion, water, fire and environmental forces, DuPont said Monday in a statement.

The deal, which must be approved by regulatory authorities, includes a DuPont factory at Vaihingen, Germany, where the coatings are made.

The price of the deal was not disclosed.


http://www.sciencedaily.com/upi/index.php?feed=Business&article=UPI-1-20061204-15162400-bc-us-dupont.xml