DuPont establishes Textiles & Interiors subsidiary; spin off ‘likely’
WILMINGTON, Del. –- In a possible prelude to an initial public offering, DuPont has packaged its fibers business into the new wholly owned DuPont Textiles & Interiors (DTI) subsidiary. As a stand-alone business, the new unit is the largest integrated textile fiber and interiors company in the world, with approximate annual revenue of $6.5 billion.
The residential, commercial, transportation and rug segments of DuPont Flooring -- including its Stainmaster and Antron brands – have been placed under the DTI umbrella. The rationale behind DTI’s creation was to drive efficiencies and seize business opportunities, said Alan Wolk, vice president and general manager of DuPont Flooring Worldwide.