• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Add Your Company
      • Suppliers Guide
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    DuPont Acquiring Laird Performance Materials from Advent International for $2.3 Billion

    The transaction is expected to close in the third quarter of 2021.

    DuPont Acquiring Laird Performance Materials from Advent International for $2.3 Billion
    Related CONTENT
    • SEMI Appoints imec, Soitec Executives to Europe Advisory Board
    • OLEDWorks Exhibits at Auto Shanghai 2021
    • SEMI Applauds Introduction of Endless Frontier Act
    • Nano Dimension Acquires DeepCube Ltd.
    • SEMI, Center for Automotive Research Collaborate
    Anthony Locicero, Associate editor03.08.21
    DuPont announced that it has entered into a definitive agreement with Advent International, one of the world’s largest private equity firms, to acquire Laird Performance Materials for $2.3 billion which will be paid from existing cash balances. 
     
    The transaction is expected to close in the third quarter of 2021, subject to regulatory approvals and other customary closing conditions.
     
    Laird Performance Materials is a world leader in high-performance electromagnetic shielding and thermal management with a comprehensive offering of performance components and solutions that manage heat and protect devices from electromagnetic interference. 
     
    Laird Performance Materials has a workforce of over 4,300 employees with a global network of 11 manufacturing sites in North America, Europe, and Asia and 2020 revenues of $465 million. 
     
    Laird Performance Materials has consistently delivered high single-digit growth rates and highly attractive gross and adjusted EBITDA margins (~50% and ~30%, respectively). With strong growth and a best-in-class financial profile, Laird Performance Materials is aligned with DuPont’s strategic objective of shifting its portfolio increasingly towards differentiated products in attractive markets with long-term secular growth trends. 
     
    “The acquisition of Laird Performance Materials is a significant step in advancing DuPont’s strategy to grow as a global innovation leader and premier multi-industrial company," said Ed Breen, executive chairman and CEO of DuPont. "Laird Performance Materials is a strategic and complementary addition to the Electronics & Industrial (E&I) business, and our applied material science expertise together with Laird Performance Materials’ industry-leading application engineering capabilities further strengthens DuPont as an essential partner for major electronics OEMs and manufacturers. We look forward to welcoming Laird Performance Materials’ highly talented teams. With an expanded global reach and proven operational and technical capabilities, I’m confident the combined E&I team will deliver compelling revenue synergies and further accelerate our journey towards becoming a faster-growing and more profitable company.”
     
    The transaction brings together DuPont’s technology portfolio in films, laminates, and plating chemistry with Laird Performance Materials’ electromagnetic shielding and thermal management solutions. 
     
    With a best-in-class innovation and product portfolio, the combined organization will be a leader in rapidly growing advanced electronics applications supporting smart/autonomous vehicles, 5G telecommunications, artificial intelligence, the internet of things, and high-performance computing, DuPont noted. 
     
    DuPont said it expects to realize approximately $60 million in pre-tax run-rate cost synergies by the end of 2024 with the majority realized in the first 18 months post-closing. The estimated one-time cost to achieve these synergies is approximately $40 million. After adjusting for one-time costs and deal-related amortization, DuPont expects the deal to be accretive to its operating EBITDA margins, free cash flow, and adjusted EPS within the first 12 months and to achieve high single-digit ROIC by year five. The enterprise value multiple of the transaction is approximately 15x estimated 2021 EBITDA on a stand-alone basis and approximately 11x including cost synergies.
     
    “This transaction represents another strategic step forward in sharpening our focus and directing our investments towards high-value, high-growth opportunities. We remain committed to a balanced capital allocation policy that delivers strong returns to shareholders and includes organic growth, targeted M&A, and shareholder remuneration,” said Breen.
    Suggested For You
    Identiv, Ameta International Announce US, Canadian Distribution Partnership Identiv, Ameta International Announce US, Canadian Distribution Partnership
    SEMI Appoints imec, Soitec Executives to Europe Advisory Board SEMI Appoints imec, Soitec Executives to Europe Advisory Board
    OLEDWorks Exhibits at Auto Shanghai 2021 OLEDWorks Exhibits at Auto Shanghai 2021
    SEMI Applauds Introduction of  Endless Frontier Act SEMI Applauds Introduction of Endless Frontier Act
    Nano Dimension Acquires DeepCube Ltd. Nano Dimension Acquires DeepCube Ltd.
    SEMI, Center for Automotive Research Collaborate SEMI, Center for Automotive Research Collaborate
    European Commission European Commission's Innovation Radar Acknowledges 3 ARMOR Innovations
    Universal Display Corporation Named to Financial Times’ The Americas’ Fastest-Growing Companies 2021 Universal Display Corporation Named to Financial Times’ The Americas’ Fastest-Growing Companies 2021
    Brady Corporation Announces Tender Offer to Acquire Nordic ID Oyj Brady Corporation Announces Tender Offer to Acquire Nordic ID Oyj
    KYOCERA Licenses TactoTek Injection Molded Structural Electronics Technology KYOCERA Licenses TactoTek Injection Molded Structural Electronics Technology
    Prismade’s PrismaID Brings Printed Electronics to Security Documents Prismade’s PrismaID Brings Printed Electronics to Security Documents
    First Solar Series 6 CuRe Has Industry’s Lowest Warranted Degradation Rate First Solar Series 6 CuRe Has Industry’s Lowest Warranted Degradation Rate
    NordicNeuroLab Selects eMagin NordicNeuroLab Selects eMagin's AMOLED Microdisplays for Functional Brain Imaging Application
    Brewer Science Contributes to Missouri State University Foundation Brewer Science Contributes to Missouri State University Foundation
    VTT in 2020: Successful Year Despite Globally Challenging Times VTT in 2020: Successful Year Despite Globally Challenging Times

    Related Breaking News

    • Breaking News | RFID and NFC
      Louis Widmer SA Complies with EU Anti-Counterfeiting Directive with Zebra Technologies’ Solution

      Louis Widmer SA Complies with EU Anti-Counterfeiting Directive with Zebra Technologies’ Solution

      Pharmaceutical and cosmetics manufacturer safeguards serialization of prescription medicines.
      Anthony Locicero, Associate editor 04.23.21

    • Breaking News | Flexible and Printed Electronics | Personnel | Research Institutions | Semiconductors and Quantum Dots
      SEMI Appoints imec, Soitec Executives to Europe Advisory Board

      SEMI Appoints imec, Soitec Executives to Europe Advisory Board

      Luc Van den hove, president and CEO of imec appointed chair; Paul Boudre, CEO of Soitec, appointed vice-chair.
      Anthony Locicero, Associate editor 04.23.21

    • Breaking News | Displays and Lighting
      OLEDWorks Exhibits at Auto Shanghai 2021

      OLEDWorks Exhibits at Auto Shanghai 2021

      “OLEDs offer clear advantages for automotive applications," CEO Dave DeJoy said.
      Anthony Locicero, Associate editor 04.22.21


    • Breaking News | Flexible and Printed Electronics | Semiconductors and Quantum Dots
      SEMI Applauds Introduction of  Endless Frontier Act

      SEMI Applauds Introduction of Endless Frontier Act

      This bipartisan legislation calls for the investment of more than $100 billion in science and technology initiatives.
      Anthony Locicero, Associate editor 04.22.21

    • Breaking News | Flexible and Printed Electronics | Semiconductors and Quantum Dots
      TechBlick Announces Agenda For Next Printed, Hybrid, Structural, 3D Electronics Virtual Event

      TechBlick Announces Agenda For Next Printed, Hybrid, Structural, 3D Electronics Virtual Event

      TechBlick is a year-round event series with over 350+ analyst-picked live online presentations on emerging technologies.
      Anthony Locicero, Associate editor 04.21.21

    • 3D Printing | Breaking News | Research Institutions
      NREL Takes Novel Approach to 3D-Printed Water Power Prototypes

      NREL Takes Novel Approach to 3D-Printed Water Power Prototypes

      NREL and Montana State University researchers explore the potential for rapid prototyping using additively manufactured composite molds.
      Alexis Powers, NREL 04.21.21


    • Breaking News | Flexible and Printed Electronics | Printed Circuit Boards/Membrane Switches/In Mold Electronics | Sensors and Wearables | Suppliers News
      Canatu Manufactures World’s Thinnest Free-standing CNB Membrane

      Canatu Manufactures World’s Thinnest Free-standing CNB Membrane

      CNB is a hybrid carbon nanomaterial fusing nanotubes with fullerenes.
      Anthony Locicero, Associate editor 04.20.21

    • Breaking News | Displays and Lighting | Manufacturers News
      Audi Unveiling 4-door Audi A6 e-tron Concept

      Audi Unveiling 4-door Audi A6 e-tron Concept

      Digital Matrix LED and digital OLED technology make it possible to achieve maximum brightness from the headlights and taillights, according to Audi.
      Anthony Locicero, Associate editor 04.20.21

    • 3D Printing | Breaking News | Mergers and Acquisitions
      Nano Dimension Acquires DeepCube Ltd.

      Nano Dimension Acquires DeepCube Ltd.

      AI will drive its 3D-AI/ML distributed digital fabrication applications, according to Nano Dimension.
      Anthony Locicero, Associate editor 04.20.21


    • Breaking News | Semiconductors and Quantum Dots
      SEMI, Center for Automotive Research Collaborate

      SEMI, Center for Automotive Research Collaborate

      To advance increased supply chain collaboration between the semiconductor and automotive industries.
      Anthony Locicero, Associate editor 04.19.21

    • Breaking News | RFID and NFC
      Zebra Technologies Introduces New Alliance Track for PartnerConnect Channel Program

      Zebra Technologies Introduces New Alliance Track for PartnerConnect Channel Program

      New track enables improved collaboration with Zebra partner ecosystem.
      Anthony Locicero, Associate editor 04.19.21

    • Breaking News | Flexible and Printed Electronics | Semiconductors and Quantum Dots
      Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence

      Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence

      Registration for the event is now open.
      Anthony Locicero, Associate editor 04.19.21


    • Breaking News | Photovoltaics
      European Commission

      European Commission's Innovation Radar Acknowledges 3 ARMOR Innovations

      Innovations developed in the OLEDSOLAR project funded by the European Commission as part of the Horizon 2020 framework program.
      Anthony Locicero, Associate editor 04.16.21

    • Breaking News | Displays and Lighting
      LG Display Cuts Down CO2-eq Emissions by 3 Million Tons in 2020

      LG Display Cuts Down CO2-eq Emissions by 3 Million Tons in 2020

      Said it is in tandem with its commitment to pursuing its carbon neutrality for the green future.
      Anthony Locicero, Associate editor 04.16.21

    • Breaking News | Displays and Lighting
      Universal Display Corporation Named to Financial Times’ The Americas’ Fastest-Growing Companies 2021

      Universal Display Corporation Named to Financial Times’ The Americas’ Fastest-Growing Companies 2021

      Universal Display Corporation ranked No. 441 among public and private high-growth companies in North, Central and South America.
      Anthony Locicero, Associate editor 04.15.21

    Trending
    • NREL Takes Novel Approach To 3D-Printed Water Power Prototypes
    • SEMI Appoints Imec, Soitec Executives To Europe Advisory Board
    • Audi Unveiling 4-door Audi A6 E-tron Concept
    • Impinj Sees RFID Moving Into New Avenues Of Retail
    • KYOCERA Licenses TactoTek Injection Molded Structural Electronics Technology
    Breaking News
    • Louis Widmer SA Complies with EU Anti-Counterfeiting Directive with Zebra Technologies’ Solution
    • SEMI Appoints imec, Soitec Executives to Europe Advisory Board
    • OLEDWorks Exhibits at Auto Shanghai 2021
    • SEMI Applauds Introduction of Endless Frontier Act
    • TechBlick Announces Agenda For Next Printed, Hybrid, Structural, 3D Electronics Virtual Event
    View Breaking News >
    CURRENT ISSUE

    Fall 2020

    • Flexible Electronics Is Proving to Be Ideal for Healthcare
    • COVID-19 and the Printed Electronics Industry
    • Smart Packaging Looks to Move Forward
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Printed Electronics Now’s International Suppliers’ Directory
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Study Finds Omega-3 Index is Strong Risk Predictor of Premature Death
    Ashland Supports the Nature Conservancy Forest Restoration Effort to Help Plant a Billion Trees
    Martin Bauer Announces Installation of Agile Filling System at Bethlehem, PA Facility
    Coatings World

    Latest Breaking News From Coatings World

    Axalta Coating Systems Announces $625 Million Increase to Share Repurchase Program Authorization
    CPMA Expands its Community, Adds 3 New Member Companies in Q1
    Axalta Wins Three 2021 Edison Awards
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    LG Expands Diagnostic Medical Monitor Line
    Getinge Heart Lung Machine Becomes Available for European Hospitals
    Getinge Receives FDA Clearance for Multiple Products
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Lonza to Build Small Molecule Manufacturing Complex in Visp
    RDIF, Minapharm to Make Over 40M Doses of the Sputnik V Vaccine in Egypt
    Bora Pharmaceuticals Completes Health Canada Inspection
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    KKW Launches Fragrance Bundle with Jeff Leatham
    Love Beauty and Planet Announces Sustainability Initiatives
    Coty Shares Long-Term Strategy
    Happi

    Latest Breaking News From Happi

    Qosmedix Brings CSR to the Forefront in New Initiative
    Spectrum Brands Acquires Rejuvenate Household Cleaning Products
    Pravana Joins PETA’s Beauty without Bunnies Program
    Ink World

    Latest Breaking News From Ink World

    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    Acrylic Resins Market Worth $21.9 Billion by 2025: MarketsandMarkets
    SE-DA Invests in Kornit Presto S
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Ravenwood introduces water resistant linerless paper
    Ashland commits to forest restoration
    Epson upgrades SurePress demo facility
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Fibertex Nonwovens Announces European Investments
    Savaré Strengthens Technical Support for the Americas
    FiberVisions, Avgol Partner with Polymateria
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    FDA Clears Orthofix's 3D-Printed FORZA Titanium TLIF Spacer System
    Patients Conclude Clinical Visits in Knee Osteoarthritis Treatment Study
    SeaSpine Begins Limited Rollout of WaveForm TO 3D-Printed Interbodies
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Identiv, Ameta International Announce US, Canadian Distribution Partnership
    Adesis Achieves ISO 9001:2015 Certification
    Louis Widmer SA Complies with EU Anti-Counterfeiting Directive with Zebra Technologies’ Solution

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login