DuPont to acquire coatings manufacturer Herberts

Pigment & Resin Technology

ISSN: 0369-9420

Article publication date: 1 April 1999

92

Keywords

Citation

(1999), "DuPont to acquire coatings manufacturer Herberts", Pigment & Resin Technology, Vol. 28 No. 2. https://doi.org/10.1108/prt.1999.12928bab.012

Publisher

:

Emerald Group Publishing Limited

Copyright © 1999, MCB UP Limited


DuPont to acquire coatings manufacturer Herberts

DuPont to acquire coatings manufacturer Herberts

Keywords Acquisition, DuPont, Herberts

DuPont has signed a definitive agreement to acquire the Herberts Group, the coatings business of Hoechst, for $1.89 billion (DM 3.13 billion). The acquisition, pending government approvals, would create the world's third largest coatings company and the leading automotive coatings supplier with combined sales of $3.7 billion, employing 14,000 people.

"This action is consistent with DuPont's intent to establish strong global positions in its core businesses through selective investments that capitalize on strong cost positions and technology synergies" said Joe Miller, senior vice president of DuPont, "Herberts is an ideal fit in this strategy".

Related articles