Just Some few hours before the market opened on Friday, December 11, 2015, two American chemical giants, Dow Chemical and DuPont, announced a $130 billion deal to merge their companies. The new company will be called DowDuPont as they Merge their name and Resources together they will have co-headquarters in Midland, Michigan, and Wilmington, Delaware. The companies plan to split the merged operations into three parts to focus on agriculture, materials science, and specialty products.
Both Dow Chemical and DuPont have a long history of manufacturing useful products.
One of Dow Chemical’s most-famous products is artificial turf, but it also makes various coatings, adhesives, and insulation, along with pesticides and Styrofoam. During DuPont’s long history, the company developed neoprene, nylon, Teflon, and Kevlarand is currently one of the world’s largest producers of hybrid and genetically engineered seeds.
Both companies are also known for their past health and environmental missteps. In 2004 DuPont was cited and fined for withholding information concerning its release of perfluorooctanoic acid (PFOA; also known as C8), a chemical which causes developmental problems in laboratory animals, into drinking water in West Virginia. Dow Chemical also has a history of developing questionable chemical products. Controversies related to the manufacture and use of mustard gas during World War I, napalmand Agent Orange during the Vietnam War, and silicone breast implants (and the many lawsuits that followed) have plagued the company since the late 20th century.
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