DuPont to take over DuPont Dow Elastomers

Geneva-DuPont Co. is buying 100-percent control of elastomer producer DuPont Dow Elastomers llc after Dow Chemical Co. exercised its option to buy assets relating to ethylene and chlorinated elastomers from the venture, triggering an $87 million buyout by DuPont.

DuPont and Dow expect the transactions, which are subject to customary conditions, including applicable regulatory approvals, to close by June 30.

After the transaction, DuPont Dow Elastomers–a 50/50 joint venture dating back to 1996–will change its name and become a wholly owned DuPont subsidiary that will comprise the…

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