DuPont recently announced that it has successfully completed the acquisition of Laird Performance Materials, a global leader in high-performance electromagnetic shielding and thermal management solutions.
This acquisition will strengthen DuPont’s leading position in the rapidly growing field of advanced electronic applications and support key industry trends such as high-performance computing, artificial intelligence, 5G communications, smart/self-driving cars, and the Internet of Things
"I warmly welcome Laird's outstanding team of high-performance materials to join DuPont," said Pu Ruiting, Executive Chairman and CEO of DuPont. "The addition of Laird's high-performance materials has significantly strengthened DuPont Electronics & Industries (Electronics & Industries). Industrial) department is also an important step in advancing our strategy to develop into a global innovation leader and a premier multi-industry company. I am excited about the company entering a new chapter, because we will continue to promote the growth of high-margin markets and create for shareholders Long-term value."
As previously announced, Laird Performance Materials will have revenues of US$465 million in 2020 and have approximately 4,300 employees worldwide. It will be integrated into the Interconnect Solutions business of the DuPont Electronics and Industrial Division . Laird's high-performance materials electromagnetic shielding and thermal management products complement the electronic interconnection technology's product portfolio in flexible board materials, dry films, specialty films and electroplating chemicals.
"By combining applied materials science expertise with applied engineering capabilities, this acquisition makes DuPont an important partner for major electronic original equipment manufacturers (OEMs)," said Jon Kemp, president of DuPont's Electronics and Industrial Division. "After the merger The organization will jointly enhance our leadership in accelerating the adoption of high-performance computing, artificial intelligence, 5G communications, smart/autonomous vehicles and the Internet of Things. It also expands our portfolio of products and solutions throughout the electronic value chain, And we have built up our expertise in key technologies, which is essential to the realization of next-generation electronic equipment and infrastructure."
With the addition of Laird high-performance materials, DuPont has the ability to accelerate the time to market with its expanded customer base and global scale, create new efficiencies in the development of integrated and multifunctional solutions, and provide high-value next-generation Products, achieve higher growth in the next few years. As the merged Electronics and Industrial Division actively participates in the cross-value chain to solve the increasingly complex challenges that leading OEMs face in thermal management, signal integrity, miniaturization, power management and reliability, we believe that customers will immediately benefit from.