Specialty Products division of DowDuPont’s announced that spin-off for the DuPont Sustainable Solutions (DSS) via divestment creating independent new business entity. This entity would be operated and managed by the same existing management with support from Gyrus Capital, a Geneva-based investment firm. The details revealed that DSS would continue to maintain the DuPont heritage with access to DuPont logo, sites, knowledge, capabilities, resources, and current name for some time. The DSS would also retain the intellectual rights to services it sells to its customers.
The procedures of spin-off are expected to complete by July 2019, given all the conditions are met. The benefits of spin-off would be reaped by both sides. While it would give more agility to DSS towards adding capabilities and increasing offerings to changing consumer needs, it would also result in relatively leaner and more focused structure for ultimate targeted DuPont when it separates. DSS would continue to help clients in the areas of safety improvement, risk mitigation, and operational performance improvement while adding the capabilities in data analytics and digital transformation.
DSS recently celebrated its 50th anniversary since its beginning in late 1960’s. It employs around 600 consultants in 35 countries serving fortune 500 clients in more than 60 countries in six continents. With key operation areas being operational and risk management, DSS was also ranked top EHS consulting firm by Verdantix (independent research firm) in 2017 and 2018. DSS currently operates as segment within DowDuPont Specialty Product division which focuses on innovation and technology-based approach towards ingredients, materials, and solution to add value across industries.
– Ankur Kalra,
Manager – Chemicals & Materials,