Ballard Spahr advised DuPont in the sale of Glass Laminating Solutions/Vinyls (GLS/Vinyls), a part of DuPont Packaging & Industrial Polymers, to Kuraray for $543 million, plus the value of its inventories. The sale is expected to close during the first half of next year pending regulatory approval.

GLS/Vinyls is a leading supplier of polyvinyl butyral and ionomer sheets for safety glass and vinyl acetate monomer and polyvinyl alcohol (PVA) products used in various architectural, automotive, and industrial applications. GLS/Vinyls delivered full-year 2012 net sales of more than $500 million and it employs roughly 600 people in the United States, Europe, and Asia.

Kuraray is a global specialty chemical company with subsidiaries in 19 countries and regions outside Japan. The company was the first to successfully industrialize and globally market PVA fiber, and it maintains a worldwide presence in the area of PVA resin, PVB resin and film, PVA film that is used for LCD and detergent unit packaging, ethylene vinyl alcohol (EVOH) resin used for food packaging and gasoline tanks, and PVA fiber used as a substitute for asbestos and as a reinforcing material for cement.

The Ballard Spahr team that worked on the transaction included Craig Circosta (Business and Finance), Glenn L. Unterberger (Litigation), James B. MacDonald II (Business and Finance), Jeffrey S. Beenstock (Real Estate), Cristina Coronado (Real Estate), Matthew C. Potalivo (Business and Finance), Jennifer E. Drust (Litigation), and Amit Kakkar (Business and Finance).

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