DowDuPont, soon to be 3 companies, reveals names
Washington – DowDuPont is announcing the names of the three businesses it will become when it breaks itself into three, eight months after the Justice Department approved a $62 billion merger between the chemical giants Dow and DuPont.
The company said Monday that its agriculture division will be called Corteva Agriscience, based in Wilmington, Delaware. The division had more than $14 billion in revenue last year.
The second company, focused on materials science, will be based in Midland, Michigan, and will keep the Dow name and red diamond logo.
The third spinoff, which produces and sells specialty products, will be called DuPont. Its headquarters will also be Wilmington, Delaware.
The merger between Dow and Dupont, after being held up by regulators in the U.S. and abroad, was approved on June 15.