The Carlyle Group will pay $4.9 billion in cash to acquire DuPont Performance Coatings, the automotive paint business of Wilmington, Del.based chemicals manufacturer DuPont.
DuPont Performance Coatings makes and distributes products that include paints and finishers used by the automobile industry. The business employs more than 11,000 people and is expected to generate more than $4 billion in sales this year. The deal is expected to close in the first quarter of 2013, pending regulatory approval.
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