Welcome to the first edition of Reaction Time, the KPMG Global Energy Institute’s monitor of key issues for decision makers in the global chemicals sector.
The recent Dow Chemical and DuPont merger and planned follow on disaggregation announcement has attracted a lot of attention. Could you explain the components of the deal and share a view on Dow and DuPont’s intent?
Yes. On December 11, 2015, the boards of DuPont and Dow Chemical unanimously approved an all-stock merger of equals. After merger, they will separate or create three scale companies—in the areas of material science (e.g., acrylic monomers), agrochemicals, and specialty products (e.g., electronics chemicals).