DuPont Chemical Solutions Enterprise Acquires Surface Protection Business

06-May-2002

As part of its strategy for sustainable growth, DuPont Chemical Solutions Enterprise recently announced that it has reached a business agreement with French oil/energy conglomerate TotalFinaElf to acquire the fluorotelomer surface protection and specialty surfactants business assets from Atofina, the chemicals branch of TotalFinaElf. The agreement is subject to consultation with the French workers council, a union body, and the approval of relevant authorities. Financial terms were not disclosed.

DuPont manufactures and markets surface protection finishes and specialty surfactants under the DuPont? Teflon® and DuPont? Zonyl® brands. TotalFinaElf manufactures and markets surface protection products under the Forafac® and Foraperle® brands. These families of protection agents are used as oil, water and grease repellents. DuPont is a major manufacturer of specialty products for surface protection and brings over 25 years experience in carpet and textile surface protection.

"We see this acquisition as an excellent opportunity to further enhance services to our customers, and to strengthen our manufacturing and technical service presence in Europe," said William Weber, DuPont Surface Protection Solutions global business manager. "This addition to our Surface Protection Solutions business will complement our existing position in carpet and textile protection by adding strengths in paper, leather protectants and fire- fighting foams."

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