DuPont de Nemours acquired Laird Performance Materials for $2,404 million net consideration (announced at approximately $2.3 billion), a transaction completed in July 2021, structured as all cash.
Laird Performance Materials operates in Electronics & Industrial — Interconnect Solutions, is based in Global — 11 manufacturing sites across North America, Europe and Asia, had revenue of about Approximately $465 million (2020). Acquired from Advent International, Laird Performance Materials is a world leader in high-performance electromagnetic shielding and thermal management solutions, with 11 manufacturing sites across North America, Europe and Asia and approximately $465 million of 2020 revenue. DuPont integrated Laird PM into the Interconnect Solutions business within the Electronics & Industrial segment to strengthen its position in advanced electronics applications. The FY21 10-K records net assets (consideration for Laird PM) of $2,404 million.
Laird PM is a leader in high-performance electromagnetic shielding and thermal management solutions, being integrated into the Interconnect Solutions business within the Electronics & Industrial segment, in order to enhance the Company's position in advanced electronics applications.
Adds high-margin electromagnetic-shielding and thermal-management content directly into DuPont's electronics-materials platform, with exposure to secular growth in 5G, advanced electronics and electrification. Interconnect Solutions business within the Electronics & Industrial segment
The acquisition of Laird Performance Materials is a significant step in advancing DuPont's strategy to grow as a global innovation leader and premier multi-industrial company.Ed Breen, Executive Chairman and CEO, DuPont
Laird Performance Materials is an outstanding business. DuPont will be an excellent partner for Laird Performance Materials.Shonnel Malani, Managing Director, Advent International
Advisory firms were not disclosed for this transaction.