Aug 29 (Reuters) - DuPont ( DD ) said on Friday it will
sell its heat-resistant fiber business, home to brands such as
body armor maker Kevlar, to peer Arclin for $1.8 billion as the
chemicals company undergoes a broader reorganization.
The sale will not affect the
planned separation
of its electronics business in November, DuPont ( DD ) said, as
the company attempts to streamline its portfolio to unlock value
and pursue focused growth.
The chemicals industry has been struggling with higher
energy costs, as well as weak demand and prices, especially in
European markets where strict regulations have raised the cost
of manufacturing.
DuPont's ( DD ) sale of the Aramids portfolio, which includes
protective clothing maker Nomex, is expected to close in the
first quarter of 2026.
The company expects pre-tax cash proceeds of about $1.2
billion upon the sale's close, along with a note receivable of
$300 million and a non-controlling stake valued at $325 million
in Arclin.