In latest revamp, DuPont will split into 3 companies

DuPont has reinvented itself many times since Ed Breen took over as CEO in 2015, and now it is doing so again. In what could prove to be a conclusive breakup, the company has unveiled plans to split into three separate firms: one focused on materials closely associated with the storied company in Wilmington, Delaware, and two specializing in electronic materials and water treatment. "We concluded that operating these businesses as independent companies provides the best path for long-term value creation, and we believe the time to do it is now, " Breen said on a May 23 conference call with analysts. DuPont expects the split will take place within the next 18–24 months, when DuPont separates the electronic materials and water businesses by distributing stock in the firms to shareholders. The businesses earmarked for the electronic materials company had 4. 0 billion in sales last year. The company will make materials