DuPont to Strengthen Electronic Materials Position with Acquisition of Laird Performance Materials
Laird Performance Materials offers a range of performance components and solutions that manage heat and protect devices from electromagnetic interference.
DuPont recently announced that it has entered into a definitive agreement with Advent International 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.
With 2020 revenues of $465 million, Laird Performance Materials is reportedly a world leader in high-performance electromagnetic shielding and thermal management, offering a comprehensive range of performance components and solutions that manage heat and protect devices from electromagnetic interference. The company has a workforce of over 4,300 employees with a global network of 11 manufacturing sites in North America, Europe, and Asia.