Restructure at DuPont with Biomaterials sale expected in H1
DuPont announced at the beginning of February that the merger of its Nutrition & Biosciences segment with flavours and fragrances company IFF, which it announced in December 2019, was now complete.
In parallel, it announced that it will have three reporting segments from now on: Mobility & Materials, Electronics & Industrial, and Water & Protection. Chief executive, Ed Breen, said: “Our new structure combines businesses with common financial characteristics, enabling clear line of sight and more effective allocation of resources across the company.”