Business News
DuPont Acquires Coastal to Expand Safety Business
Friday 17. October 2008 - DuPont has acquired Coastal Training Technologies Corporation, a leading global producer and marketer of cutting-edge training programs, headquartered in Virginia Beach, Va. The transaction is expected to fuel significant growth for DuPont Safety Resources, a safety consulting business within the DuPont Safety & Protection segment.
The acquisition includes transfer of all customer agreements, patents, copyrights, brands, equipment and personnel. It will allow DuPont, an established global leader in industrial safety services programs, to provide a broader mix of delivery systems to a growing global audience. Coastal Training Technologies, with offices in the United States, Mexico, Europe, Brazil, India and the Philippines, will gain access to DuPont’s broad customer network for its extensive library of training products.
“Coastal is a dynamic and creative company that produces world-class training products,” said Jim Weigand, vice president and general manager, DuPont Safety Resources. “By combining their capabilities with our innovative science and safety experience, we will be able to address a wide range of client needs from consultative safety leadership to instructor-led training to e-learning based systems.”
The acquisition is part of the company’s strategy to expand its presence in emerging markets and safety industries. It complements DuPont’s current safety training and consulting business, creating a single-source training leader with the greatest variety of safety programs for companies, governments and organizations seeking training and consultation.
“One of the most exciting aspects of becoming part of DuPont is that we are joining a company that shares our long-held values regarding the importance of safety and improving people’s lives,” said Paul Michels, founder and CEO of Coastal. “DuPont’s global commitment to protecting people and the environment, developing employees and running highly efficient operations is a perfect fit with Coastal’s mission.”