DowDuPont announced the filing of the initial Form 10 registration statement with the US Securities and Exchange Commission (SEC) for the separation of its Materials Science Division (to be called Dow).
 
Dow’s initial Form 10 filing includes a business and strategy overview, competitive strengths and end-market information, as well as historical and unaudited pro forma financial information, among other details for the intended company.
 
“The Form 10 is a significant step towards the creation of the new Dow – the world’s leading materials science company,” said Jim Fitterling, COO of the Materials Science Division of DowDuPont and chief executive officer of Dow.
 
As detailed in the filing, the new Dow will have a portfolio comprised of six global business units, serving three consumer-driven market verticals: consumer care, infrastructure and packaging.
 
“This initial filing underscores the position of financial and operational strength the new Dow will possess upon separation,” said Howard Ungerleider, CFO of DowDuPont and president and CFO of Dow. “It also emphasizes our focus on driving profitable growth, increasing return on invested capital and enhancing free cash flow.”
 
As previously communicated, Corteva Agriscience intends to file its Form 10 in October.