DuPont to Break Into Three Smaller Companies, Joining Other Storied Peers

DuPont said Wednesday it would split into three separate public companies, following in the recent footsteps of U.S. corporate mainstays such as the former General Electric and Kellogg. After the planned separation of the chemical company’s Electronics and Water businesses, the “New DuPont” would be a diversified industrial company with brands including Tyvek, Kevlar and Nomex. DuPont intends to “unlock incremental value for shareholders and customers” and expects the three companies to have more flexibility for their own growth strategies, “including portfolio enhancing M&A.”