(Reuters) -DuPont said on Friday it will sell its heat-resistant fiber business, home to brands such as body armor maker Kevlar, to peer Arclin for $1.8 billion as the chemicals company undergoes a broader reorganization.
The sale will not affect the planned separation of its electronics business in November, DuPont said, as the company attempts to streamline its portfolio to unlock value and pursue focused growth.
The chemicals industry has been struggling with higher energy costs, as well as weak demand and prices, especially in European markets where strict regulations have raised the cost of manufacturing.
DuPont’s sale of the Aramids portfolio, which includes protective clothing maker Nomex, is expected to close in the first quarter of 2026.
The company expects pre-tax cash proceeds of about $1.2 billion upon the sale’s close, along with a note receivable of $300 million and a non-controlling stake valued at $325 million in Arclin.
(Reporting by Pranav Mathur and Vallari Srivastava in Bengaluru; Editing by Devika Syamnath)
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