DuPont to divest Aramids business to Arclin in $1.8B transaction

DuPont (DD) announced that Arclin, a portfolio company of an affiliate of TJC, has reached a definitive agreement to acquire DuPont’s Aramids business in a transaction valuing the business at approximately $1.8B. Arclin has received fully committed financing in connection with the transaction, which is expected to close in the first quarter of 2026, subject to customary closing conditions and regulatory approval. At close, DuPont will receive pre-tax cash proceeds of approximately $1.2B, subject to customary transaction adjustments, a note receivable of $300M, and a non-controlling common equity interest in the future Arclin company currently valued at $325M, which is expected to represent an approximate 17.5% stake at the time of close. The Aramids business is the inventor and largest global producer of industry-leading high performance synthetic fibers that protect people, equipment and structures in high cost-of-failure applications. Aramids’ synthetic fibers, Kevlar and Nomex, are well-known brands globally with a longstanding reputation for quality, product performance and supply reliability. With about 1,900 employees and five manufacturing sites, the Aramids business generated net sales of $1.3 billion in 2024. The Aramids divestiture will not impact DuPont’s intended separation of its electronics business, which remains on track for a November 1 spin-off.