Armour maker Kevlar targeted in $2bn private equity race for DuPont assets

Private equity firms Advent International and Platinum Equity are competing to acquire $2 billion in assets, including the Kevlar and Nomex brands, from DuPont as the company restructures and plans to spin off its electronics division. DuPont, which aims to refocus on materials science, may reconsider selling these brands, despite its recent strong earnings amid ongoing trade tensions with China.

Explain It To Me Like I’m 5:

DuPont is selling its special brands, Kevlar and Nomex, that help keep people safe, and two companies want to buy them for $2 billion as DuPont changes how it does business.

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