Nov 21 DuPont said it would sell its
glass-laminating products business to Japan's Kuraray Co Ltd
for $543 million, as part of a plan to shift its focus
to agriculture, alternative energy and specialty materials.
Synthetic fiber maker Kuraray will also pay the value of
inventories, the companies said in a statement.
The glass-laminating business, housed in DuPont's packaging
& industrial polymers unit, makes products used in
architectural, automotive and industrial applications.
The business, which has 600 employees and six manufacturing
sites in the United States, Europe and Asia, reported sales of
about $500 million in 2012, Dupont said.
The sale is expected to close in the first half of 2014.
As part of DuPont's shift to high-growth areas, the company
said last month it would spin off its paint pigments unit into a
separately traded public company within 18 months.