DuPont Nutrition & Biosciences is the New Combination of DuPont Nutrition & Health and Industrial Biosciences Businesses
COPENHAGEN, Denmark, May 29, 2019 – DowDuPont Specialty Products Division (DuPont) is further strengthening its efforts in the nutrition and biosciences field by combining the business divisions Nutrition & Health and Industrial Biosciences into a $6.2 billion business division called Nutrition & Biosciences. The new and sizable business will be a global market leader across the specialty food ingredients, dietary supplements, pharma excipients, household and personal care, animal nutrition and biotechnology fields with a unique product portfolio and science-based approach creating leading innovations to customers across the globe.
“Both DuPont Nutrition & Health and Industrial Biosciences are known for their innovations and strong scientific approach,” said Nutrition & Biosciences President Matthias Heinzel. “Combining the two businesses is a step to further accelerate growth and innovation while better providing customers across our industries with innovative, healthy, safe and sustainable solutions.”
The new business will, for example, benefit from complementary expertise and skills in the areas of food enzyme production, human and animal microbiome science, bioprocess engineering and R&D. Moreover, a new business structure will ensure a more targeted go-to-market strategy.
DuPont Nutrition & Biosciences will serve customers through three market-driven platforms: Food & Beverage, Health & Bioscience and Pharma Solutions. These focused platforms will better serve customers in specialty food, healthcare, pharma, household and personal care, animal nutrition and biotechnology sectors with a clear end-market customer approach. The business platforms will have a distinct positioning in the market that will enhance market visibility, insights, customer intimacy and drive overall business growth.
The new Nutrition & Biosciences business will be headquartered in Copenhagen, Denmark, and led by DuPont Nutrition & Biosciences President Matthias Heinzel. After combining, the new Nutrition & Biosciences business reported 2018 revenue of $6.2 billion, with over 10,000 employees, 70 manufacturing sites and 25 innovation centers across the globe.
About DuPont Nutrition & Biosciences
DuPont Nutrition & Biosciences, a DowDuPont Specialty Products Division business unit, applies expert science to advance market-driven, healthy and sustainable solutions for the food, beverage, dietary supplement and pharmaceutical industries. We also use cutting-edge biotechnology across a range of markets to advance bio-based solutions to meet the needs of a growing population, while protecting our environment for future generations. We are innovative solvers who help our customers turn challenges into high-value business opportunities. For more information: www.dupontnutritionandhealth.com or www.biosciences.dupont.com.
About DowDuPont Specialty Products Division
DowDuPont Specialty Products, a division of DowDuPont (NYSE: DWDP), is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, building and construction, health and wellness, food and worker safety. DowDuPont intends to separate the Specialty Products Division, which will be called DuPont, into an independent, publicly traded company. More information can be found at www.dow-dupont.com.