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DuPont announced on May 2, 2023 its acquisition of Spectrum Plastics Group (“Spectrum”), a specialty plastics manufacturer, from the private equity firm AEA Investors for $1.75 billion....
The transaction is expected to close by the end of the third quarter of 2023.
The transaction is expected to close by the end of the third quarter of 2023.
Spectrum Plastics brings a full array of medical injection molding, extrusion, and packaging capabilities to DuPont.
Market analysts contacted by Plastics News, a Rubber News sister publication, said that DuPont should benefit from its acquisition of Spectrum Plastics, although there was a chance that the deal could put the firm in competition with some of its customers.