DuPont strikes $1.75 billion deal for Spectrum Plastics
DuPont de Nemours Inc. DD said Tuesday it has reached an agreement to acquire Spectrum Plastics Group from AEA Investors for $1.75 billion cash.
Spectrum is a manufacturer of specialty medical devices and components and serves 22 of the 26 top medical device original equipment manufacturers with a focus on fast-growing therapeutics areas such as structural heart, electrophysiology, surgical robotics and cardiovascular, Dupont said in a statement. The deal is expected to close by the end of the third quarter and to immediately boost DuPont’s adjusted per-share earnings. The deal will be funded using existing cash balances....
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