On November 1, 2023, DuPont completed the divestiture of the Delrin® acetal homopolymer (H-POM) business to TJC LP, (the "Delrin® Divestiture"). The results of operations for the three months ended March 31, 2023, present the financial results of the Delrin® Divestiture as discontinued operations. Unless otherwise indicated, the discussion of results, including the financial measures further discussed below, refers only to DuPont's Continuing Operations and does not include discussion of balances or activity of the Delrin® Divestiture. This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "target, "outlook," "stabilization," "confident," "preliminary," "initial," and similar expressions and variations or negatives of these words. All statements, other than statements of historical fact, are forward-looking statements, including statements regarding outlook, expectations and guidance. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which that are beyond DuPont's control, that could cause actual results to differ materially from those expressed in any forward-looking statements.

DuPont's healthcare exposure within the Industrial Solutions line of business of the E&I segment includes Spectrum, a leader in medical device components, and Liveo™, a leader in silicone solutions for healthcare applications. The acquisition of Donatelle Plastics Incorporated will bring complementary advanced technologies and capabilities including medical device injection molding, liquid silicone rubber processing, precision machining, device assembly, and tool building. Donatelle Plastics Incorporated has a strong financial growth profile aligned to attractive therapeutic areas including electrophysiology, drug delivery, diagnostics, cardiac rhythm management, neurostimulation, and orthopedic extremities.

Mantle, a company specializing in metal 3D printing technology for toolmaking, added three new customers of its P-200 metal 3D printer for tools. These include Spectrum Plastics Group, a DuPont Business; Heyco Products, a Penn Engineering company; and General Pattern. Other existing customers include Westimster Tools, Nicolet Plastics, Westec Plastics Corporation, Tessy Plastics, Fathom and an undisclosed medical device manufacturer, for a total of about a dozen Mantle systems installed globally to date.

One of the interesting aspects to consider of these deals is that none of the companies that acquired the Mantle systems are additive manufacturing companies. They simply use AM to make tools that they implement in their traditional plastics manufacturing processes.  The deal with Spectrum Plastics Group continues the momentum in the field of medical device manufacturing, as the DuPont Business will be implementing the company’s metal 3D printing technology within its facilities. Heyco Products, a Penn Engineering company specializing in wire protection and termination for a range of industries, has implemented Mantle’s metal 3D printing technology into its toolmaking workflows. As a leading manufacturer of thousands of complex plastic and metal components, high-quality tooling is critical to Heyco’s success.

Effective as of January 1, 2024, Electronics & Industrial realigned certain product lines that comprise its business units (Industrial Solutions, Interconnect Solutions and Semiconductor Technologies) that are intended to optimize business operations across the segment leading to enhanced value for customers and cost savings. The Net Trade Revenue by Segment and Business or Major Product Line has been recast for all periods presented to reflect the new structure. The realignment did not result in changes to total Electronics and Industrial segment net sales.

“At Heyco, we pride ourselves on taking products from design through to volume production, which includes in-house prototype and production tooling. Mantle allows us to increase our toolmaking capacity and project speed by automating a portion of our toolmaking process, helping to maximize our skilled resources,” said Danny Anthony, Vice President of Operations at Heyco Products

DuPont (NYSE: DD) today announced its commitment to achieve net-zero carbon emissions by 2050. In a letter submitted to the Science Based Targets...

Overview: On May 22, 2024, DuPont announced a plan to separate the company into three distinct, publicly traded companies. Under the plan, DuPont would execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its shareholders leaving DuPont to continue as a diversified industrial company following completion of the separations.  DuPont expects to complete the separations within 18 to 24 months of the announcement date. The separation transactions will not require a shareholder vote and are subject to satisfaction of customary conditions, including final approval by DuPont's Board of Directors, receipt of tax opinion from counsel, the filing and effectiveness of Form 10 registration statements with the U.S. Securities and Exchange Commission, applicable regulatory approvals and satisfactory completion of financing. Please refer to the announcement and presentation materials from May 22, 2024, posted to the Investor section of www.dupont.com for more information.

“Mantle’s technology remains a game-changer in the toolmaking industry, consistently driving reductions in lead times and costs while addressing labor shortages. The latest deployments, with Spectrum Plastics Group, Heyco, and General Pattern, coupled with the ongoing success of our existing customer, Westminster Tool, underscore the growing adoption and effectiveness of our technology,” said Ted Sorom, CEO and Co-founder of Mantle.

About DuPontDuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.

WILMINGTON, Del., June 25, 2024 /PRNewswire/ -- DuPont (NYSE: DD) today announced it has signed an agreement to acquire Donatelle Plastics Incorporated, a leading medical device contract manufacturer specializing in the design, development and manufacture of medical components and devices. The transaction is expected to close in the third quarter 2024, subject to satisfaction of customary closing conditions and receipt of regulatory approvals.

Founded in 1967 and headquartered in New Brighton, Minnesota, Donatelle Plastics Incorporated has a workforce of more than 400 employees and operates a facility strategically located in a medical technologies hub near leading original equipment manufacturers. Donatelle Plastics Incorporated has established decades-long relationships by providing best-in-class customer service, top-notch quality and injection molding expertise. They are recognized for innovation in medical device and component manufacturing, particularly in complex applications where quality, reliability and technical expertise is required for critical end-use applications.

AdvisorsBallard Spahr LLP served as legal advisor to DuPont. Piper Sandler Companies served as financial advisor and Fredrikson & Byron P.A. served as legal advisor to Donatelle.

Recognizing the growing scarcity of skilled toolmakers, General Pattern, an injection molder with in-house tooling services and more than 100 years of experience is addressing the labor issue by introducing Mantle’s 3D printer to automate its toolmaking processes and bolster capacity. The investment in Mantle underscores the company’s dedication to cutting-edge technologies and highlights its potential to alleviate the industry’s labor shortage. General Pattern anticipates the benefits of this investment to include heightened efficiency, decreased reliance on specialized labor, and improved customer service through faster and more efficient operations.

"We're excited for this next chapter in Donatelle's journey and for our team of highly talented and skilled employees to join DuPont," said Treasa Springett, President of Donatelle Plastics Incorporated. "As a part of a broader healthcare offering, we will have even greater impact on patient outcomes by enabling the innovation and development of next generation devices for patients worldwide."

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DuPont Performance Building Solutions recently announced the launch of Great Stuff™ Wide Spray Foam Sealant, a new broad-coverage spray foam ideal...

“Introducing Mantle into our operations has elevated our approach to toolmaking. With the simple press of a button, we can now effortlessly create tools, that completely change our ability to tackle labor challenges and enhance our capacity to better serve our customers. Recently with a slide for a transportation trim component, for example, we skipped the finishing process entirely. Instead, we printed it, assembled it into the mold, and immediately began molding parts. This not only saved us the 40 hours of traditional toolmaker time typically required to build this slide but also freed up my team to focus on other critical projects,” said Denny Reiland, CEO at General Pattern.

"Our healthcare strategy is focused on offering a comprehensive suite of solutions for customers in high-growth therapeutic areas," said Jon Kemp, President, DuPont Electronics & Industrial (E&I). "Donatelle Plastics Incorporated will be the second acquisition, following Spectrum last year, that will deepen our expertise in the medical device market segments and enhance our position as a partner of choice for our customers."

1,346 polymer and metal AM companies and 143 end-users. Consumer products AM generated $2.6 billion in 2023. Segment expected to grow to $28 billion by 2033 at 26.8% CAGR. This new market study fro...

Across manufacturing as a whole, especially in toolmaking, labor scarcity has emerged as a predominant challenge, hindering manufacturers’ efficiency and capacity to build tooling.

Forward-looking statements are not guarantees of future results. Some of the important factors that could cause DuPont's actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: (i) the ability of DuPont to effect the separation transactions described above and to meet the conditions related thereto; (ii) the possibility that the separation transactions will not be completed within the anticipated time period or at all; (iii) the possibility that the separation transactions will not achieve their intended benefits; (iv) the impact of the separation transactions on DuPont's businesses and the risk that the separations may be more difficult, time-consuming or costly than expected, including the impact on DuPont's resources, systems, procedures and controls, diversion of management's attention and the impact and possible disruption of existing relationships with customers, suppliers, employees and other business counterparties; (v) the possibility of disruption, including disputes, litigation or unanticipated costs, in connection with the separation transactions; (vi) the uncertainty of the expected financial performance of DuPont or the separated companies following completion of the separation transactions; (vii) negative effects of the announcement or pendency of the separation transactions on the market price of DuPont's securities and/or on the financial performance of DuPont; (viii) the ability to achieve anticipated capital structures in connection with the separation transactions, including the future availability of credit and factors that may affect such availability; (ix) the ability to achieve anticipated credit ratings in connection with the separation transactions; (x) the ability to achieve anticipated tax treatments in connection with the separation transactions and completed and future, if any, divestitures, mergers, acquisitions and other portfolio changes and the impact of changes in relevant tax and other laws; (xi) risks and uncertainties related to the settlement agreement concerning PFAS liabilities reached June 2023 with plaintiff water utilities by Chemours, Corteva, EIDP and DuPont; (xii) risks and costs related to each of the parties respective performance under and the impact of the arrangement to share future eligible PFAS costs by and between DuPont, Corteva and Chemours, including the outcome of any pending or future litigation related to PFAS or PFOA, including personal injury claims and natural resource damages claims; the extent and cost of ongoing remediation obligations and potential future remediation obligations; changes in laws and regulations applicable to PFAS chemicals; (xiii) indemnification of certain legacy liabilities; (xiv) the failure to realize expected benefits and effectively manage and achieve anticipated synergies and operational efficiencies in connection with the separation transactions and completed and future, if any, divestitures, mergers, acquisitions, and other portfolio management, productivity and infrastructure actions; (xv) the risks and uncertainties, including increased costs and the ability to obtain raw materials and meet customer needs from, among other events, pandemics and responsive actions; (xvi) timing and recovery from demand declines in consumer-facing markets, including in China; (xvii) adverse changes in worldwide economic, political, regulatory, international trade, geopolitical, capital markets and other external conditions; and other factors beyond DuPont's control, including inflation, recession, military conflicts, natural and other disasters or weather-related events, that impact the operations of the company, its customers and/or its suppliers; (xviii) the ability to offset increases in cost of inputs, including raw materials, energy and logistics; (xix) the risks associated with demand and market conditions in the semiconductor industry and associated end markets, including from continuing or expanding trade disputes or restrictions, including on exports to China of U.S.-regulated products and technology; (xx) the risks, including ability to achieve, and costs associated with DuPont's sustainability strategy, including the actual conduct of the company's activities and results thereof, and the development, implementation, achievement or continuation of any goal, program, policy or initiative discussed or expected; (xxi) other risks to DuPont's business and operations, including the risk of impairment; (xxii) the possibility that the Company may fail to realize the anticipated benefits of the $1 billion share repurchase program announced on February 6, 2024 and that the program may be suspended, discontinued or not completed prior to its termination on June 30, 2025;  and (xxiii) other risk factors discussed in DuPont's most recent annual report and subsequent current and periodic reports filed with the U.S. Securities and Exchange Commission. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business or supply chain disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on DuPont's consolidated financial condition, results of operations, credit rating or liquidity. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.