Big Law

DuPont to Buy Spectrum Plastics Group in $1.75 Billion Deal

Materials and chemicals maker DuPont de Nemours Inc on Tuesday said it would buy specialty medical devices and components maker Spectrum Plastics Group from AEA Investors for $1.75 billion.

Following the acquisition about 10% of consolidated revenue will come from healthcare, the company said, adding it expects the deal to close by the end of the third quarter.

DuPont also beat analysts’ estimates for first-quarter profit, as it benefited from strong demand in its water and protection segment, as well as price increases.

Read the source article at finance.yahoo.com

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