Home' FLEXO Magazine : February 2016 Contents DuPont, Dow Chemical to Merge
WILMINGTON, DE & MIDLAND, MI---DuPont and e Dow
Chemical Co. have announced that their boards of directors unani-
mously approved a de nitive agreement under which the companies
will combine in an all stock merger of equals. e combined company
will be named DowDuPont. e parties intend to subsequently
pursue a separation of DowDuPont into three independent, publicly
traded companies through tax free spino s. is would occur as soon
as feasible, which is expected to be 18-24 months following the closing
of the merger, subject to regulatory and board approval.
will include a
pure play agri-
ny, a leading
and a leading
products company. Each of the businesses will have clear focus, an
appropriate capital structure, a distinct and compelling investment
thesis, scale advantages, and focused investments in innovation to
better deliver superior solutions and choices for customers.
Upon closing of the transaction, the combined company would be
named DowDuPont and have a combined market capitalization of ap-
proximately $130 billion at announcement. It is the intention of both
companies' boards of directors that, following the merger, DowDu-
Pont would pursue a tax free separation into three independent, pub-
licly traded companies with each targeting an investment grade credit
rating. e three businesses that the boards intend to separate are:
• Agriculture Company: Leading global pure play agriculture
company that unites DuPont's and Dow's seed and crop protec-
• Material Science Company: A pure play industrial leader, con-
sisting of DuPont's performance materials segment, as well as
Dow's performance plastics, performance materials and chemi-
cals, infrastructure solutions, and consumer solutions (excluding
the Dow Electronic Materials business) operating segments
• Specialty Products Company: A technology driven innovative
leader, focused on unique businesses that share similar invest-
ment characteristics and specialty market focus. e businesses
will include DuPont's nutrition and health, industrial bioscienc-
es, safety and protection, and electronics and communications,
as well as the Dow electronic materials business
DowDuPont's board is expected to have 16 directors, consisting of
eight current DuPont directors and eight current Dow directors.
Following the closing of the transaction, DowDuPont will be dual
headquartered in Midland, MI and Wilmington, DE.
ACTEGA WIT, ACTEGA
Kelstar to Merge, Rebrand
as ACTEGA North America
DELRAN, NJ---ACTEGA WIT and ACTEGA Kelstar, leading
manufacturers in the innovation of inks, coatings and adhesives for
packaging and printing markets, announced the formal merger of the
two legal entities to form ACTEGA North America, Inc.
is merger aligns itself with the corporate ACTEGA division goals to
reposition the company to focus on market segments rather than on
technologies. Furthermore, by becoming ACTEGA North America,
Inc., the company will have the ability to better service its growing
customer base and o er an unmatched, superior product portfolio.
ere will be no immediate changes for customers. However, the tran-
sition into the reorganization of one company will improve service
and make it easier to do business with ACTEGA North America, Inc.
Mikia Printing to Merge
ONTARIO, Canada---Alpha Poly has announced con rmation of
a much anticipated merger with Mikia Printing of Acton, Ontario.
While speci c details of the deal were not published, Mikia President
Vaughan Campbell, its leadership, sta and supply chain will join the
award winning Alpha Poly team e ective in February.
Alpha Poly's business will also strengthen considerably from the
merger: "Adding Vaughan and his highly respected Mikia sta bring
a whole new dimension to our growing team that will bene t all of
our customers" says Patrick Kerrigan, president of Alpha Poly. "Both
companies have strong reputations built on quality and service, with
a relentless commitment to 'Packaging Done Right.' Our combined
expertise and scale e ciencies will be evident in every project we do
going forward, positioning us for continued exponential growth."
Alpha Poly and Mikia are both specialists in the international exible
packaging industry, with a combined client base in Canada, U.S. and
14 FLEXO | FEBRUARY 2016
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