Durability + Design

Building Performance and Aesthetics

A Product of Technology Publishing
JPCL/PaintSquare | D+D | Paint BidTracker

Subscribe to D+D Magazine

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.

KTA-Tator, Inc. - Corporate Office
KTA Consulting Services

Independent assessment of coating failures – in the field and laboratory.
Contact:
Kevin Brown, 336-874-2651
Corporate:
1-800-245-6379 x208


Hanley Wood Exhibitions
FREE Admission to Int’l Roofing Expo 2015

Held February 24-26 in New Orleans, the IRE brings the roofing construction and maintenance industry together for face-to-face interaction, product review, education and networking.


Coatings For Industry, Inc.
For Tough Environments,
The Toughest Protection

A workplace exposed to vehicle traffic, fuel, and other harsh chemicals needs a floor coating that stands up to daily abuse. Wearcoat 100 high-build polyurethane provides superior protection.


Armakleen Company, The
No Ordinary Soda

ARMEX® baking soda-based abrasives from the makers of ARM & HAMMER® products offers over 12 formulas specially engineered for your application and your budget.


Arroworthy
ArroWorthy's Handcrafted Professional Brushes

One Dip of paint with our handcrafted semi-oval Rembrandt brush, you'll see why ArroWorthy makes a professional brush of unrivaled quality and performance.


Chemique Inc.
Graffiti Control Made Easy!TM

Artisan® Anti-Graffiti products for quick and easy removal of graffiti. Can be applied onto wood, brick, natural stone, concrete, stucco, metal, painted surfaces, and more. Water based and VOC compliant.


PPG  Architectural Coatings / Porter Paints / PGH Paints
Property Maintenance Solutions

Glidden Professional at The Home Depot® provides property managers with professional paint recommendations, project planning and FREE jobsite delivery.

 
 
 
Technology Publishing

The Technology Publishing Network

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

 
EXPLORE D+D:      Interact   |   Blogs   |   Resources   |   Buying Guides   |   Webinars   |   White Papers   |   Classifieds
GET D+D:      Subscribe   |   Advertising Media Kit
KNOW D+D:      About D+D   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2010-2014, Technology Publishing, Co., 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