PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Orica Revives Plan to Spin Off Dulux

Friday, May 7, 2010

Comment | More

Australian chemical and mining giant Orica Ltd. has announced that it will spin off paint and building products maker DuluxGroup to create a stand-alone, ASX-listed company.

Orica, based in East Melbourne, Australia, expects the spinoff to be completed in July, subject to shareholder and court approvals.

DuluxGroup’s business units are Decorative Coatings, Selleys, Cabot's, Yates, and Powder & Industrial Coatings. Products include paints and stains, texture coatings, powder coatings, paint-preparation products, car-care and garden-care products. Its paint, coatings and finishing brands include Dulux, Berger, British Paints, Levene, Walpamur, Cabot’s, Feast Watson, and Intergrain. Other brands include the Selleys lines of adhesives, solvents and sealants. DuluxGroup products are marketed in Australia, New Zealand, Papua New Guinea, and Fiji.

Orica chairman Peter Duncan described the split as “a natural evolution of Orica’s strategy to create two even better companies, each free to capitalize on its strategic strengths: Orica largely as a global leader in mining consumables and services leveraged to mining production volumes, and DuluxGroup as the Australasian market leader in premium-branded coatings, home-improvement and garden-care products.

“Equity and debt market conditions have substantially improved in recent months, and we believe the time is now right for DuluxGroup to pursue its strategy independent of Orica,” Duncan said. “DuluxGroup has been an outstanding business within the Orica portfolio, and we believe it will be an even better business with the strategic freedom offered by a demerger.”

Duncan said DuluxGroup has built a market-leadership position on core strengths of customer relationships; leading distribution channels; technical leadership through continued investment in research and new-product development; and an experienced management team. “It has consistently demonstrated highly disciplined management of costs, cash and margins,” he said.

“These factors provide an excellent base from which to launch DuluxGroup as a stand-alone company. Supporting the company with a dedicated board and tailored capital structure is the next logical step” to maximize shareholder value,” he said. 

   

Tagged categories: Acquisitions; Dulux; Mergers

Comment Join the Conversation:

Sign in to our community to add your comments.

Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable


Safway Services
Suspended Access Made Easy With QuikDeck™

The smart choice for suspended access, QuikDeck’s interchangeable, lightweight components make them easy to set up and reassemble when you need to move.


PreTox Products - NexTec, Inc.
GOT LEAD? Specify Pretox System products

The ONLY Lead Stabilizer Compatible with All Paint Removal Methods. Works with all Blast Media: Grits | Recyclable Abrasives | CO2 | Water | Power Tools | Etc. Call Dave Steffen at 800.338.8296.


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Harsco
Find BLACK BEAUTY® Abrasives

Use our online tool to search by address, city or zip code to find where you can buy BLACK BEAUTY® abrasives. Or call us toll free: 1-888-733-3646


U.S. Zinc
Historic Reliability. Innovative Performance.

We offer custom grades and packaging of zinc dust, oxide, metal and fines, U.S. Zinc provides direct shipping to locations worldwide. U.S. Zinc – Helping the world work™


Carboline Company
Hyrdrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com