New Delhi, Mar 05: Dupont today announced the acquisition of Guangzhou Montelli material technology corporation, a solid surfacing business in China. ''As part of the company's strategy to increase its presence in growing markets, Dupont surfaces -- the manufacturer of Dupont Corian -- will acquire Guangzhou Montelli's existing manufacturing assets in the cities of Guangzhou and Xishui, including 400 employees,'' Dupont said in a statement here.

However, the terms of acquisition were not disclosed.

The transaction also includes the solid surface brands marketed by Guangzhou Montelli and its extensive marketing and sales distribution network throughout China. Corian, the original solid surface product from Dupont, will continue to be manufactured at the Yerkes facilities in buffalo, New York, at a joint venture manufacturing site in Toyama, Japan, and at the Ulsan facilities in Korea.

Dupont surfaces is a strategic business unit of Dupont that manufactures and markets Corian Solid Surfaces and Zodiaq Quartz surfaces.

Bureau Report