WILMINGTON, DE -- DowDuPont today announced it would spin its printed circuit board materials businesses off in an independent business.

Electronics & Imaging, which supplies materials for the semiconductor, circuit board, photovoltaic, display and flexographic printing industries, will become part of the Specialty Products Co., a new entity consisting of four segments of the newly merged materials conglomerate.

The DowDuPont board of directors has approved the changes following a review of recommendations provided by McKinsey & Co. and other input from inside and outside the company.

On a forecasted 2017 basis, the businesses that will be realigned to the Specialty Products Division account for total net sales of more than $8 billion and operating EBITDA of approximately $2.4 billion, including approximately 40% of the heritage Dow Corning EBITDA. Approximately $4 billion of net sales from the heritage DuPont Performance Polymers business will now be part of the Specialty Products Division.

"Our DowDuPont Board is fully aligned and confident that these targeted portfolio adjustments are the right actions to take and will benefit all stakeholders over the long term," said Andrew Liveris, executive chairman of DowDuPont. "They bear out the clear results of a significant comprehensive analysis the Dow and DuPont boards undertook over the past many months, which benefited from a fresh look provided by independent, third-party external advisors, in particular McKinsey & Co."

The intended company will be headquartered in Wilmington, DE.

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