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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<\/iframe><\/div>\n<div id=\"article-body\">\n<p>Private equity groups Advent International and Platinum Equity are vying to buy $2bn worth of assets, including the Kevlar bulletproof brand, from DuPont, as the chemicals giant undergoes a wider break-up.<\/p>\n<p>The rival groups are the frontrunners to secure the protective equipment assets and are expected to submit final-round bids for DuPont\u2019s Kevlar and Nomex this month, according to three people familiar with the matter. <\/p>\n<p>The Delaware-based chemicals maker put the brands up for sale after unveiling plans for a reorganisation that will also involve spinning off its electronics division into a separate listed company by November.<\/p>\n<p>The reorganisation follows those undertaken by Americans brands such as Kellogg and General Electric. DuPont wants to reposition itself as a diversified industrials group focused on materials science and engineering. It ditched a plan to also offload its water division as part of the shift. <\/p>\n<p>The people said that DuPont may still opt to keep Kevlar and Nomex and other bidders could emerge. DuPont, Platinum and Advent declined to comment.<\/p>\n<p>DuPont developed both brands, which are known for synthetic-fibre protective equipment in the 1960s. Nomex is a heat and flame-resistant material used by firefighters, soldiers, and race car drivers. Kevlar is known for its bulletproof vests and body armour. <\/p>\n<p>DuPont announced the break-up plan in 2024 in an bid to exploit a sum of the parts discount and unlock value for shareholders. <\/p>\n<p>The corporate giant was formed by the $130bn megamerger of Dow and DuPont in 2017. Following the merger, DowDuPont broke up into Corteva Agriscience, Dow and DuPont. <\/p>\n<p>DuPont posted strong first-quarter earnings in May, beating analysts\u2019 expectations, but similar to other US manufacturers it faces the threat of trade tensions between Washington and Beijing hurting its shipments to China. <\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/c256e7c4-6db0-41c7-8b02-a7fd499b2563\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this…\n","protected":false},"author":5,"featured_media":33036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-33035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/33035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33035"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/33035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/33036"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/iframe><\/div>\n<div id=\"article-body\">\n<p>Private equity groups Advent International and Platinum Equity are vying to buy $2bn worth of assets, including the Kevlar bulletproof brand, from DuPont, as the chemicals giant undergoes a wider break-up.<\/p>\n<p>The rival groups are the frontrunners to secure the protective equipment assets and are expected to submit final-round bids for DuPont\u2019s Kevlar and Nomex this month, according to three people familiar with the matter. <\/p>\n<p>The Delaware-based chemicals maker put the brands up for sale after unveiling plans for a reorganisation that will also involve spinning off its electronics division into a separate listed company by November.<\/p>\n<p>The reorganisation follows those undertaken by Americans brands such as Kellogg and General Electric. DuPont wants to reposition itself as a diversified industrials group focused on materials science and engineering. It ditched a plan to also offload its water division as part of the shift. <\/p>\n<p>The people said that DuPont may still opt to keep Kevlar and Nomex and other bidders could emerge. DuPont, Platinum and Advent declined to comment.<\/p>\n<p>DuPont developed both brands, which are known for synthetic-fibre protective equipment in the 1960s. Nomex is a heat and flame-resistant material used by firefighters, soldiers, and race car drivers. Kevlar is known for its bulletproof vests and body armour. <\/p>\n<p>DuPont announced the break-up plan in 2024 in an bid to exploit a sum of the parts discount and unlock value for shareholders. <\/p>\n<p>The corporate giant was formed by the $130bn megamerger of Dow and DuPont in 2017. Following the merger, DowDuPont broke up into Corteva Agriscience, Dow and DuPont. <\/p>\n<p>DuPont posted strong first-quarter earnings in May, beating analysts\u2019 expectations, but similar to other US manufacturers it faces the threat of trade tensions between Washington and Beijing hurting its shipments to China. <\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/c256e7c4-6db0-41c7-8b02-a7fd499b2563\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this…\n","protected":false},"author":5,"featured_media":33036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-33035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/33035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33035"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/33035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/33036"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}