Cleaning & Restoration Breaking News

DuPont to Acquire Business Assets of StoneTech Professional, Inc.

WILMINGTON, Del., Feb. 3, 2005 - DuPont Chemical Solutions Enterprise today signed an agreement where it will acquire the business and marketing assets of StoneTech Professional, Inc. of California, a provider of stone care products and solutions to the Stone and Tile Industry. Financial terms were not disclosed.

As part of strategic growth initiatives, DCSE's Surface Protection Solutions has been supplying various markets and end use applications with chemistries to protect surfaces from water penetration, staining, spotting and soil damage for over 35 years. This acquisition enables DuPont to build upon its core competencies in providing durable surface protection for a growing market segment.

"This acquisition is a strategic fit for DCSE. DuPont is a dependable supplier of quality products and innovations to the Stone and Tile Industry," said John Moriarty, SPS Global Market Leader. "This acquisition will expand and improve our product offerings and competencies to meet overall growing surface protection requirements. We look forward to servicing the growing needs of both our current DuPont customers, as well as the existing StoneTech Professional customer base."

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