DuPont completes acquisition of Laird Performance Materials

● Laird Performance Materials becomes part of the Electronics & Industrial Division's Electronic Interconnect Technology business

● This acquisition will strengthen DuPont's leadership in fast-growing advanced electronics applications supporting key industry megatrends such as high-performance computing, artificial intelligence, 5G communications, smart/autonomous vehicles and the Internet of Things

DuPont announced today that it has successfully completed the acquisition of Laird Performance Materials, a global leader in high-performance electromagnetic shielding and thermal management solutions
.

"I warmly welcome the exceptional team at Laird Performance Materials to DuPont," said Pu Ruiting, executive chairman and chief executive officer of DuPont.
"The addition of Laird Performance Materials significantly strengthens DuPont Electronics & Industries.
Industrial) segment, and an important step in advancing our strategy to become a global innovation leader and a premier multi-industry company
.
I am excited about this new chapter for the company as we continue to drive growth in high-margin markets that create value for our shareholders long-term value
.
"

As previously announced, Laird Performance Materials, with 2020 revenue of $465 million and approximately 4,300 employees worldwide, will be integrated into the Interconnect Solutions business of DuPont Electronics & Industrial
.
Laird Performance Materials' electromagnetic shielding and thermal management products complement Electronic Interconnect Technology's portfolio of flex board materials, dry films, specialty films and electroplating chemicals
.

"By combining applied materials science expertise with applied engineering capabilities, this acquisition makes DuPont a valued partner to major electronics original equipment manufacturers (OEMs)," said Jon Kemp, president of DuPont's Electronics & Industrial business unit.
of organizations will collectively advance our leadership in accelerating the adoption of high-performance computing, artificial intelligence, 5G communications, smart/autonomous vehicles, and the Internet of Things
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It simultaneously expands our portfolio of products and solutions across the electronics value chain, And builds our expertise in key technologies that are critical to enabling the next generation of electronic devices and infrastructure
.
"

With the addition of Laird Performance Materials, DuPont is well-positioned to leverage its expanded customer base and global scale to accelerate time-to-market, create new efficiencies in developing integrated and versatile solutions, and deliver high-value next-generation products, to achieve higher growth in the next few years
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As the combined Electronics & Industrial business unit actively engages across the value chain to address the increasingly complex challenges facing leading OEMs in thermal management, signal integrity, miniaturization, power management and reliability, we believe customers will immediately benefit from it
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