Share: DuPont de Nemours Inc (NYSE: DD) is paying $2.3 billion to acquire Laird Performance Materials from the private equity firm Advent International. What Happened: Advent International acquired Laird Performance Materials' parent company, the British-based Laird plc, in 2018 for $1.3 billion. The company was subsequently divided into three separate entities: Performance Materials, Connectivity and Thermal Services. The Shanghai-headquartered Laird Performance Materials is a manufacturer of electromagnetic shielding and thermal management components and solutions that manage heat and protect devices from electromagnetic interference. The company recorded $465 million in 2020 revenues and has a 4,300-person workforce spanning 11 manufacturing sites in North America, Europe and Asia.