DUPONT has agreed to buy Laird Performance Materials for US$2.3bn.
Laird produces a range of materials including plastics, ceramics and metals. These are used in various applications including to shield electronic devices from electromagnetic interference and conductors to draw away unwanted heat.
DuPont says the deal strengthens its offering to major electronics OEMs and manufacturers.
The chemicals major said in a statement that the deal is expected to close in Q3 and brings together DuPont’s technology portfolio in films, laminates, and plating chemistry with Laird’s electromagnetic shielding and thermal management solutions.
DuPont CEO Ed Breen said: “This transaction represents another strategic step forward in sharpening our focus and directing our investments towards high-value, high-growth opportunities.
Laird employs more than 4,300 employees across 11 manufacturing sites in North America, Europe, and Asia. In 2020 it had revenues of US$465m.
DuPont is buying Laird from private equity firm Advent International.
Catch up on the latest news, views and jobs from The Chemical Engineer. Below are the four latest issues. View a wider selection of the archive from within the Magazine section of this site.