TJC, a middle-market private equity firm, completed the acquisition of the Delrin business of DuPont, an American multinational chemical company, for $1.8bn. "Today's announcement largely completes our planned exit of the former M&M segment, advancing our position as a premier multi-industrial company. This transaction is structured to maximize value for our shareholders, providing significant cash proceeds at close to be deployed in line with our strategic priorities while providing an opportunity for DuPont to participate in future upside potential upon exit of our retained equity interest in the Delrin business," Ed Breen, DuPont Executive Chairman and CEO.