DuPont Co. said it will retain DuPont Canada Inc.'s packaging business as it restructures its former subsidiary. DuPont recently completed the acquisition of all minority shares of DuPont Canada of Mississauga, Ontario.
Wilmington, Del.-based DuPont will keep Liqui-Box (Canada) within a new business unit called E.I. du Pont Canada in Mississauga. Liqui-Box includes the former Enhance Packaging business, a producer of plastic milk pouches and other plastic packaging, and Liqui-Box plastic packaging and filling equipment.
Much of the DuPont Canada assets will be merged into DuPont Textiles & Interiors, which the Wilmington firm plans to spin off or sell. Koch Industries Inc. of Witchita, Kan., has expressed interest in acquiring DTI.
Richard Gareau, a DuPont Canada spokesman, said some Canadian polymer assets will be transferred to DTI. Those include four extrusion lines in Sarnia, Ontario, that make various industrial compounds, and assets in Maitland, Ontario, making engineering polymers, nylon intermediates, fluorochemicals and Lycra fibers. DTI has contracted to make Sarnia's industrial polymers, and Maitland's engineering polymers and fluorochemicals, exclusively for E.I. du Pont Canada, Gareau said in a telephone interview.
E.I. du Pont Canada also will include a research and development and customer technical center in Kingston, Ontario, and a customer training facility and product development center in Ajax, Ontario, and the Granirex and Brookdale businesses.
Doug Muzyka, DuPont Canada president and chief executive officer, said the reorganized Canadian business will continue to maintain a high profile in Canada supplying DuPont branded products. The reorganizaton is to be complete by Oct. 1.
Koch spokeswoman Mary Beth Jarvis said her firm is excited about its possible acquisition of DTI. The diverse Witchita company includes KoSa, a PET resin and fiber producer it acquired in 2001. Jarvis said KoSa would dovetail with DTI, giving KoSa capabilities in nylon and Lycra fibers and expanding KoSa's presence in Asia. KoSa employs about 7,500. DTI also would be a good fit because Koch specializes in seasonal businesses in highly competitive markets requiring a high degree of risk managment, she said.