M&A Deal Summary

DuPont Acquires Pioneer Hi-Bred International

On August 7, 1997, DuPont acquired agriculture company Pioneer Hi-Bred International for 1.7B USD

Acquisition Highlights
  • This is DuPont’s 1st transaction in the Agriculture sector.
  • This is DuPont’s 7th largest (disclosed) transaction.
  • This is DuPont’s 3rd transaction in the United States.
  • This is DuPont’s 1st transaction in Iowa.

M&A Deal Summary
Date 1997-08-07
Target Pioneer Hi-Bred International
Sector Agriculture
Buyer(s) DuPont
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Pioneer Hi-Bred International

Johnston, Iowa, United States
website
Pioneer Hi-Bred International, Inc., we nurture relationships to build mutually successful outcomes by listening to customers, walking their fields and sharing technical resources to develop individualized solutions. Pioneer is working on new traits and using new technologies that will help bring farmers the greatest value and ultimately benefit the entire food and energy value chain.

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Buyer(S) 1

Buyer

DuPont

Wilmington, Delaware, United States

website

Category Company
Founded 1802
Sector Chemicals
Employees23,000
Revenue 13.0B USD (2022)
DESCRIPTION
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.

DuPont is a global chemicals provider and is involved across a range of disciplines, including agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. DuPont operates globally and offers a wide range of innovative products and services for markets including agriculture and food, building and construction, electronics and communications, general industrial, and transportation. DuPont is based in Wilmington, Delaware.

DEAL STATS #
Overall 3 of 19
Sector (Agriculture) 1 of 2
Type (Add-on Acquisition) 1 of 9
State (Iowa) 1 of 2
Country (United States) 3 of 16
Year (1997) 1 of 1
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-10-21 Remington

Madison, North Carolina, United States

Remington designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the US' oldest operating manufacturer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-28 Conoco

Houston, Texas, United States

Conoco, Inc. is an oil/gas exploration company.

Sell -
Mergr

Product

Company

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