On August 21, 2023, DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin business to TJC.
August 21, 2023
Dear Valued Customer, On August 21, 2023, DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® business to TJC. The transaction is expected to close around the end of 2023, subject to customary closing conditions and regulatory approval.
This is exciting news! TJC is a leading private equity company, known for supporting growth and innovation and has a long track record of investing successfully in chemicals and materials companies, including those that are deeply entrenched in Delrin’s core end markets – Mobility, Consumer, Industrials, and Medical.
We are writing to you today to assure you that as we move through this transition, your satisfaction and success remain our top priority. The way we do business together, as well as your points of contact and customer service team, remains the same. For our customers, we expect that this will be business as usual.
For over 60 years the Delrin business has leveraged its differentiated technologies and global manufacturing presence to provide its customers high quality, innovative solutions. The agreement with TJC is a great endorsement of the Delrin® brand and the business that has been collectively built with the strong collaboration of all our esteemed customers. We are confident that this new partnership will fuel greater innovation, drive further growth and in turn unlock more value for our customers and stakeholders as a focused Delrin® enterprise.
Our work together is very important, and we look forward to continuing our partnership as we grow together.
We will have more information to share as we move forward but please know that we are committed to communicating any pertinent changes in a timely manner.
Thank you for your continued partnership. Should you have any questions or concerns, please feel free to call or email your usual contact.
Delrin® Commercial Leader, Asia Pacific
27 Aug 2023