DuPont and The Dow Chemical Co. announced today that the corporate headquarters for the Agriculture company they are creating will be located in Wilmington, Del., and will include the office of the chief executive officer and key corporate support functions.
They said sites in Johnston, Iowa, and Indianapolis, Ind., will serve as global business centers, with leadership of business lines, business support functions, research and development, global supply chain and sales and marketing capabilities concentrated in the two Midwest locations. Additionally, the independent agriculture company will feature DuPont in the company’s name, following completion of the corporate naming and branding process.
“This efficient structure takes full advantage of the unique expertise and resources that exist in each location, enabling us to deliver the long-term opportunity for the leading global Agriculture company we intend to create,” said Edward Breen, chairman and chief executive officer of DuPont. “Our deep presence in Iowa and Indiana will continue the close ties to our customer base and the broader agriculture community while leveraging the existing corporate infrastructure and expertise we have in Delaware – DuPont’s home for more than 200 years.”
Dow and DuPont said the structure of the company was specifically developed to ensure the cost discipline and efficiency necessary to achieve the previously stated $1.3 billion in synergies while establishing the strongest foundation possible for sustainable growth over the long term, which will, in turn, create long-term opportunities for the company’s global employee base and local communities.
“This structure enables the intended independent agriculture company to consolidate DuPont’s and Dow’s complete agriculture capabilities across seed and crop protection in three primary locations, which is integral to achieving the planned synergies,” they noted.