Dow Chemical and DuPont have selected Wilmington, DE as the corporate headquarters for the seeds and agricultural chemical company they intend to create following the pending merger and subsequent separation of Dow and DuPont into three separate companies.
The agricultural company will also maintain global business centers in Johnston, IA and Indianapolis, IN, the current headquarters for DuPont’s Pioneer seeds business and Dow Agrosciences, respectively. The agriculture company will also feature DuPont in the company’s name, following completion of the corporate naming process.
The Wilmington office will include the office of the CEO and key corporate support functions. Sites in Johnston and Indianapolis will include leadership of business lines, business support functions, R&D, global supply chain, and sales and marketing capabilities.
“This efficient structure takes full advantage of the unique expertise and resources that exist in each location,” says Edward Breen, DuPont chairman and CEO. “Our deep presence in Iowa and Indiana will continue the close ties to our customer base and the broader agricultural community, while leveraging the existing corporate infrastructure and expertise we have in Delaware.”
Dow and DuPont continue to plan for the closing of their merger during the second half of 2016. DowDuPont will be dual headquartered in Wilmington, DE and Midland, MI prior to the intended separation into three independent companies. The material science company will be headquartered in Midland and will feature Dow in the company’s name. The specialty product company will be headquartered in Wilmington, DE. Advisory committees will be established for each of the businesses. Breen will lead the agriculture and specialty Products Committees, and Dow chairman and CEO Andre Liveris will lead the material science Committee. The committees will oversee the respective businesses, and will work on the intended separation of the businesses into three independent, standalone entities.
By Robert Westervelt
Source: Chemical Week
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