DuPont distributor partners and staff will stay the same, product supply will continue as usual, is the message from DuPont Performance Coatings.
DuPont recently announced the sale of DuPont Performance Coatings (which includes global refinish brands such as Standox, Spies Hecker and DuPont Refinish) to The Carlyle Group.
The decision to divest DPC from the DuPont family of companies reflects DuPont’s evolving strategic direction. DuPont’s long-term strategy today is focused around agriculture and nutrition as well as advanced materials and biotechnology.
Stan Willmott, General Manager DPC ANZ sees this as an exciting opportunity as the size and strength of The Carlyle Group together with DPC’s technology and expertise sets the foundation for a strong partnership that will more effectively serve the refinish industry driving DPC to be the leading coatings manufacturer in ANZ.
“Although a sale such as this typically brings about a level of uncertainty,” said Willmott, “it will be business as usual with no changes for DPC customers. Our distributor partners, our DPC representatives, our product supply will continue to remain as it is today. Additionally, our company’s core values, product quality and customer service are and will continue to be mainstays of the business both here and around the globe.
“Partnering with The Carlyle Group who are a leading global investment company that invests in companies with value and long term growth potential is a great proposition for DPC. In total, The Carlyle Group have over 200 companies in their portfolio employing 675,000 people. Its exciting times ahead to partner with such an investment power house to create the world’s leading coating company”, said Willmott.
Paint and Panel will interview Stan Willmott for the November issue of the magazine.
