Business Update: October 2023 | AIChE

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Business Update: October 2023

Business Update

DuPont just sold its POM business

DuPont sells Delrin business for $1.8 billion to The Jordan Company

American specialty chemicals company, DuPont, agreed to sell its polyoxymethylene (POM) business, better known as Delrin, to The Jordan Company (TJC), a private equity firm, for $1.8 billion.

The background you need. The DuPont we know today is very different from the DuPont we knew five years ago. Following the Dow DuPont merger (2017) and de-merger (2019), the company has been shedding its “commodity” businesses (like the $11 billion sale of its mobility and materials business to Celanese) and leaning into high-growth specialties. Selling off Delrin is just a continuation of that trend.

What is POM? POM is produced by polymerizing formaldehyde, which is made by the oxidation of methanol. The formaldehyde-based polymer is most well-known for its high crystallinity, strength, dimensional stability, and resistance to many solvents and...

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