DuPont has acquired Laird Performance Materials from private equity firm Advent International for $2.3 billion.
Laird provides high-performance electromagnetic shielding and thermal management components and solutions that manage heat and protect devices from electromagnetic interference. DuPont says the merger strengthens its position in areas such as vehicles, 5G & telecommunications, artificial intelligence, internet of things, and high-performance computing.
Lairds thermal technology is hot stuff
“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,” said Ed Breen, Executive Chairman and CEO of DuPont.
“Laird Performance Materials is a strategic and complementary addition to the Electronics & Industrial (E&I) business, and our applied material science expertise together with Laird Performance Materials’ industry-leading application engineering capabilities further strengthens DuPont as an essential partner for major electronics OEMs and manufacturers.”
Laird has a workforce of over 4,300 employees with a global network of 11 manufacturing sites in North America, Europe, and Asia. The deal is expected to close in the third quarter of 2021, subject to regulatory approval.
The deal will bring together DuPont’s technology portfolio in films, laminates, and plating chemistry with Laird Performance Materials’ electromagnetic shielding and thermal management solutions.