Sharpens strategic focus in Nutrition & Biosciences Segment
COPENHAGEN, Denmark, July 3, 2019 – DuPont has divested its Natural Colors business, which is part of the DuPont Nutrition & Biosciences (N&B) segment, to DDW, The Color House. DDW is a global privately held company specializing in natural color solutions for the food and beverage industry. The divestiture closed on June 28, 2019.
DuPont has a defined strategy of active portfolio management to further align the company’s portfolio with high return opportunities, consistent with its disciplined approach to capital allocation. This includes always evaluating the business and asset mix, and, as appropriate, pursuing strategic alternatives to optimize value creation.
“The Natural Colors business offers quality natural colors to a global customer base and is an attractive business with two world-class production sites. However, it is not part of N&B’s strategic focus areas. Following a strategic review of the Natural Colors business, we concluded that it would likely deliver greater value as part of a dedicated and leading colors player. We are convinced that the Natural Colors business will thrive under DDW’s ownership,” said Matthias Heinzel, President, DuPont Nutrition & Biosciences Business.
About DuPont Nutrition & Biosciences
DuPont Nutrition & Biosciences applies expert science to advance market-driven, healthy and sustainable solutions for the food, beverage, dietary supplement and pharmaceutical industries. We also use cutting-edge biotechnology across a range of markets to advance bio-based solutions to meet the needs of a growing population, while protecting our environment for future generations. We are innovative solvers who help our customers turn challenges into high-value business opportunities. For more information: www.dupontnutritionandhealth.com or www.biosciences.dupont.com
DuPont (NYSE: DD) is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food, and worker safety. More information can be found at www.dupont.com/.