DuPont will be acquiring Spectrum Plastics Group from AEA Investors. The transaction is projected to be completed by the end of Q3 2023, pending regulatory approval. Spectrum is an advanced manufacturing company with a focus on producing medical devices and components. The company currently employs 2,200 workers and has had a strong financial performance for many years.
In a recent quote, Ed Breen, Executive Chairman and Chief Executive Officer of DuPont, said, “We have been focused on Spectrum for a long time and our team is extremely excited for this opportunity. Spectrum is a compelling strategic complement to our existing healthcare portfolio, which already includes businesses with best-in-class innovation, deep customer relationships and with strong growth and profitability. With this combination, we’ll be able to offer customers additional innovation and manufacturing capabilities with a broader and more integrated solution set.”