DuPont and Dow announced today in a joint release that Delaware will be the location for the headquarters of the Agriculture company they intend to create after completion of their proposed merger. The headquarters will include the CEO office and key corporate support functions. Once it is officially created, the new company will be a global leader in the Agriculture industry and will be well positioned for significant future growth.
In December, DuPont and Dow announced that they would also be headquartering in Delaware the Specialty Products business that would be established after the merger. Today’s decision means that the headquarters of two out of the three companies being created as a result of the planned separations following the merger of Dow and DuPont will be located in Delaware. The total combined revenue of the Agriculture and Specialty Products businesses will be greater than the revenue of DuPont today.
"We needed some good news today, and we got it," said U.S. Sen. Chris Coons. "Today we learned that DowDuPont will locate headquarters for their post-merger agriculture business in Delaware, which is a testament to DuPont’s world-class workforce in Delaware. This is a positive step for the continuing relationship between Delaware and DowDuPont. While we aren't entirely out of the woods yet, this is a positive sign that the leadership of DowDuPont remains committed in this important sector to their roots as a Delaware company. Despite this good news, it’s important to remember that many Delawareans are nonetheless being laid off or otherwise negatively impacted by this merger, so I will remain vigilant in protecting retirees’ benefits and pensions and working with laid off DuPont employees now searching for new employment."