Manufacturing Acquisitions in Delaware

DuPont has completed the separation of its electronics business into an independent, publicly traded company named Qnity Electronics. The spin-off was finalized on November 1, 2025; DuPont shareholders received one share of Qnity for every two DuPont shares (approximately 209 million Qnity shares were distributed) and Qnity began regular trading on the NYSE under the ticker "Q."

TJC L.P. (The Jordan Company) completed the acquisition of an 80.1% controlling interest in Delrin from DuPont, launching Delrin as an independent, standalone homopolymer business. Under TJC ownership, Delrin will operate independently with new leadership appointments and a focus on investing in technology, capabilities and growth across mobility, healthcare, material handling, industrial automation and consumer end markets.

Kade Ventures, a private equity firm, has acquired GleamXLights, a B2B LED lighting brand founded in 2014 and operating manufacturing in Delaware. The deal is intended to scale GleamXLights' global reach, strengthen its supply chain and marketing capabilities, and accelerate growth across commercial and industrial lighting markets.

Investment funds managed by KKR agreed to acquire Industrial Physics from Union Park Capital. Industrial Physics is a global manufacturer of testing, inspection and measurement instruments serving food & beverage, packaging, medical and other industrial markets; KKR plans to support growth organically and via add-on acquisitions and implement an employee ownership program. Financial terms were not disclosed.

Unigasket Group, controlled by PFH Palladio Holding and founder Vittorio Calissi, has acquired a majority stake in MTO Hose Solutions Inc., a US-based manufacturer and marketer of PTFE tubes and hoses. The add-on expands Unigasket's presence in North America, complements its fluoropolymer product offering and supports the group's international growth plan under Palladio's backing.

Celanese Corporation has completed the acquisition of the majority of DuPont’s Mobility & Materials (M&M) business, adding a broad portfolio of engineered thermoplastics, elastomers, global production assets, and industry brands. The strategic purchase establishes Celanese as a leading global specialty materials company and is intended to expand its engineered materials capabilities and growth trajectory.

Draslovka a.s. completed the acquisition of The Chemours Company’s Mining Solutions business for $521 million, making Draslovka the world’s largest producer of solid sodium cyanide and expanding its global operations across Europe, the Americas and Australasia. The transaction was funded with a $348 million Term Loan B arranged by J.P. Morgan and equity from Draslovka’s existing family owners, and is intended to support further international expansion and capability growth in CN-based specialty chemicals.

Platinum Equity has completed its acquisition of specialty chemicals maker Solenis from Clayton, Dubilier & Rice and BASF for an enterprise value of $5.25 billion and simultaneously merged Solenis with Platinum-owned Sigura Water, creating a combined business with approximately $3.5 billion in revenue. The combined company expands Solenis' portfolio into residential and commercial pool & spa treatment markets, increases geographic reach and manufacturing scale, and will be led by Solenis CEO John Panichella with Sigura's Robert Baird heading the new Pool Solutions division.

New Mountain Capital has acquired ILC Dover from Behrman Capital; financial terms were not disclosed. ILC Dover, founded in 1947, is a designer and manufacturer of engineered flexible-material solutions serving biopharma, aerospace, personal safety and industrial markets with more than 700 employees across six global facilities.