CNN —DuPont de Nemours, the American multinational chemical company that traces its history back to 1802, announced plans to split into three publicly traded companies on Wednesday.
DuPont’s breakup comes amid other large, multi-national companies announcing breakups in recent years, with many CEOs and corporate boards touting the agility of smaller companies.
In a statement, Breen echoed a similar refrain, saying the three smaller companies would have greater flexibility after the spin-off.
This is the second DuPont breakup in half a decade.
In 2019, DowDuPont, which was created in a DuPont merger with Dow Chemical, broke apart into three separate entities: DuPont, Dow Chemical and Corteva, the company’s agriculture business.
Persons:
Lori Koch, Ed Breen, Koch, Breen, ”, “, Kellogg, DuPont
Organizations:
CNN, DuPont de Nemours, DuPont, ”, General Electric, Dow Chemical