DuPont de Nemours acquires Laird Performance Materials
Snapshot
DuPont de Nemours acquired Laird Performance Materials for $2,404 million net consideration (announced at approximately $2.3 billion) in July 2021. The transaction was structured as all cash. Laird Performance Materials is a Global — 11 manufacturing sites across North America, Europe and Asia-based Electronics & Industrial — Interconnect Solutions business.
- Acquirer
- DuPont de Nemours
- Target
- Laird Performance Materials
- Value
- $2,404 million net consideration (announced at approximately $2.3 billion)
- Date
- July 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
DuPont de Nemours acquired Laird Performance Materials for $2,404 million net consideration (announced at approximately $2.3 billion), a transaction completed in July 2021, structured as all cash.
Laird Performance Materials operates in Electronics & Industrial — Interconnect Solutions, is based in Global — 11 manufacturing sites across North America, Europe and Asia, had revenue of about Approximately $465 million (2020). Acquired from Advent International, Laird Performance Materials is a world leader in high-performance electromagnetic shielding and thermal management solutions, with 11 manufacturing sites across North America, Europe and Asia and approximately $465 million of 2020 revenue. DuPont integrated Laird PM into the Interconnect Solutions business within the Electronics & Industrial segment to strengthen its position in advanced electronics applications. The FY21 10-K records net assets (consideration for Laird PM) of $2,404 million.
Laird PM is a leader in high-performance electromagnetic shielding and thermal management solutions, being integrated into the Interconnect Solutions business within the Electronics & Industrial segment, in order to enhance the Company's position in advanced electronics applications.
Adds high-margin electromagnetic-shielding and thermal-management content directly into DuPont's electronics-materials platform, with exposure to secular growth in 5G, advanced electronics and electrification. Interconnect Solutions business within the Electronics & Industrial segment
No advisory firms have been disclosed for this transaction.