DuPont creates new $6.2bn business division
DowDuPont Specialty Products Division (DuPont) has combined its Nutrition & Health and Industrial Biosciences divisions into a new business division called Nutrition & Biosciences.
The $6.2 billion business division will serve customers through three market-driven platforms: Food & Beverage, Health & Bioscience and Pharma Solutions, with a unique product portfolio and science-based approach creating leading innovations to customers across the globe.
“Both DuPont Nutrition & Health and Industrial Biosciences are known for their innovations and strong scientific approach,” said Nutrition & Biosciences president Matthias Heinzel. “Combining the two businesses is a step to further accelerate growth and innovation while better providing customers across our industries with innovative, healthy, safe and sustainable solutions.”
The new business will, for example, benefit from complementary expertise and skills in the areas of food enzyme production, human and animal microbiome science, bioprocess engineering and R&D. Moreover, a new business structure will ensure a more targeted go-to-market strategy.
The new Nutrition & Biosciences business will be headquartered in Copenhagen, Denmark, and led by DuPont Nutrition & Biosciences president Matthias Heinzel. After combining, the new Nutrition & Biosciences business reported 2018 revenue of $6.2 billion, with over 10,000 employees, 70 manufacturing sites and 25 innovation centers across the globe.