In the world of business, mergers and acquisitions are a common form of growth strategy. Two or more companies combine their resources and expertise to form a more powerful and profitable entity. However, when it comes to the biggest merger of the year, it’s something that gets everyone’s attention.
In 2021, the corporate world witnessed one of the biggest mergers in recent history. The merger is between two of the world’s biggest chemical companies, Dow and DuPont. The new merged company is said to create an industry giant worth $130 billion.
The merger process began in late 2015 and was finally closed in 2017 after facing regulatory hurdles from antitrust authorities in Europe, the United States, and other regions. The two companies agreed to join forces to create a new organization called DowDuPont, maximizing their existing strengths and creating new dimensions for future growth.
Dow and DuPont have been fierce rivals for more than a century, with Dow being more focused on plastics manufacturing, while DuPont focuses on chemicals and coatings. The merger brings these two unique perspectives under one roof, allowing for cross-fertilization of ideas, innovation and technology.
The formation of the new company is not just a merger …