DuPont said Monday that it will sell its Protective Coatings product lines to the Swiss Sika group.
Sika will also acquire the DuPont manufacturing plant at Vaihingen, Germany, and employ about 150 DuPont Protective Coatings employees.
Financial terms of the transaction were not disclosed.
The Protective Coatings line makes products to protect concrete, steel and other materials from corrosion, water, fire and environmental forces.
Products sold under the Industrial Coatings brand are not affected by the sale.
“The Protective Coatings portfolio features an excellent product line, but it no longer presents a strategic fit for DuPont,” said Terry Caloghiris, group vice president for the DuPont Coatings & Color Technologies growth platform. “Since Sika specializes in these kinds of products, it offers a strong future for the business and its employees.”
This sale and the sale of the Special Adhesives business are part of the transformation strategy that DuPont announced in March. The Performance Coatings unit wants to focus more on growth in refinish, automotive OEM, transportation, powder and liquid coatings for industrial markets.
Sika is located in Baar, Switzerland and supplies the specialty chemicals markets with processing materials used in sealing, bonding, damping, reinforcing and protecting load-bearing structures in construction and in industry.
