Farm Progress

DuPont and Dow reveal structure, locations for new US-based ag company

DuPont and The Dow Chemical Company Feb. 19 announced the U.S. sites and structure for the agriculture company that will be created following the separation of DowDuPont into three independent, publicly traded companies.

February 19, 2016

2 Min Read

DuPont and The Dow Chemical Company Feb. 19 announced the U.S. sites and structure for the agriculture company that will be created following the separation of DowDuPont into three independent, publicly traded companies.

The corporate headquarters for the agriculture company will be in Wilmington, Delaware, and will include the office of the CEO and key corporate support functions. Sites in Johnston, Iowa, and Indianapolis, Indiana, will be Global Business Centers. The agriculture company will feature DuPont in the company’s name, following completion of the corporate naming and branding process, according to a statement from DuPont and Dow.

The agriculture company will combine the Seeds and Crop Protection businesses from DuPont and Dow. The combined entity is expected to have the most comprehensive and diverse portfolio in the industry and a robust pipeline with exceptional growth opportunities, according to the statement.

“This efficient structure takes full advantage of the unique expertise and resources that exist in each location, enabling us to deliver the long-term opportunity for the leading global agriculture company we intend to create,” said Edward D. Breen, chairman and chief executive officer of DuPont. “Our deep presence in Iowa and Indiana will continue the close ties to our customer base and the broader agriculture community, while leveraging the existing corporate infrastructure and expertise we have in Delaware – DuPont’s home for more than 200 years.”

“The proposed combination of Dow’s and DuPont’s agricultural businesses will create a U.S.-based global leader with the scale and breadth necessary to deliver greater value and choice for growers worldwide and compete against the largest global competitors,” said Andrew N. Liveris, chairman and chief executive officer of Dow. “Combining each company’s strengths in science and R&D, with increased global market access, enables greater opportunity for innovative new solutions in both seed and crop protection.”

Both parties continue to plan for the closing of the transaction during the second half of 2016, subject to satisfying the necessary closing conditions including obtaining the required pre-merger regulatory approvals.

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