DowDuPont Specialty Products division announced it will divest its DuPont Sustainable Solutions (DSS) business to create a new, independent global operations management consulting firm. The new firm will be led and operated by existing DSS management and supported by Gyrus Capital, an investment firm based in Geneva, Switzerland. Financial information was not disclosed.
“As client needs for a broader set of consulting services grow, the transition to an independent company will allow for increased flexibility to serve our clients and bring innovative solutions to market faster,” said Davide Vassallo, Global Managing Director of DuPont Sustainable Solutions. “We are excited about the opportunity to build on our DuPont heritage and better meet the needs of our clients in this increasingly complex and changing world.”
DSS will retain the rights to Intellectual Property related to the services it sells and will have continued access to the DuPont Sustainable Solutions name, the DuPont logo, knowledge, sites, capabilities and resources for a period of time.
“We are extremely proud of the many accomplishments we’ve made together with DSS. The DSS team has always been the practitioners and leaders embodying our core value of Safety, and in the new DuPont we remain resolute in our commitment to Safety and Health,” said Marc Doyle, Chief Operating Officer, DowDuPont Specialty Products division. “We wish DSS continued success as they chart their future.”
DSS will continue to help clients improve safety, minimize risk, increase operational performance and transform cultures and capabilities to sustain these improvements. Current core areas of expertise – operational risk management, operations excellence and leading-edge learning technologies – will be enhanced by capabilities in digital transformation, data analytics and innovation to help clients accelerate improvements.
The transaction is expected to close in July 2019 pending the completion of all closing conditions.
DuPont Sustainable Solutions has more than 600 consultants and subject matter experts worldwide, serving clients in over 60 countries. Its clients come from industries such as oil and gas, chemicals/petrochemicals, mining and metals, and manufacturing. For 50 years, DSS has been making the world a better place by collaborating with clients to manage risk and improve the safety of their people and productivity of their operations, while developing the capability of workforces to sustain those improvements. In 2017 and 2018, DSS was named the #1 EHS Consulting Firm (brand preference) by independent research firm Verdantix.