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DuPont to acquire Laird Performance Materials for $2.3 billion

Christian Fernsby |
DuPont today announced that it has entered into a definitive agreement with Advent International, one of the world's largest private equity firms, to acquire Laird Performance Materials for $2.3 billion which will be paid from existing cash balances.

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Topics: DUPONT   

The transaction is expected to close in the third quarter of 2021, subject to regulatory approvals and other customary closing conditions.

Laird Performance Materials is a world leader in high-performance electromagnetic shielding and thermal management with a comprehensive offering of performance components and solutions that manage heat and protect devices from electromagnetic interference.

Laird Performance Materials has a workforce of over 4,300 employees with a global network of 11 manufacturing sites in North America, Europe, and Asia and 2020 revenues of $465 million. Laird Performance Materials has consistently delivered high single-digit growth rates and highly attractive gross and adjusted EBITDA margins (~50% and ~30%, respectively).

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