DowDuPont Specialty Products division will divest its DuPont Sustainable Solutions (DSS) business to create a new, independent global operations management consulting firm. Existing DSS management will lead the new firm and Gyrus Capital, an investment firm based in Geneva, Switzerland, will support the new venture.
DSS will continue to help clients improve safety, minimize risk, increase operational performance, and transform cultures and capabilities to sustain improvements. The company has more than 600 consultants and subject matter experts worldwide with clients in more than 60 countries from industries such as manufacturing, chemical and petrochemical, mining and metals, and oil and gas. The company will also retain the rights to intellectual property related to the services it sells and will have continued access to the DuPont logo, knowledge, sites, capabilities, and resources for a period of time. The divestment is expected to close in July 2019.
DowDupont Specialty Products division, Wilmington, DE, provides technology-based materials, ingredients, and solutions.