Pioneer Production Plant in Toledo, Iowa. Chronicle/John Speer

Wilmington, Del. and Midland, Mich- DuPont (NYSE: DD) and The Dow Chemical Company (NYSE: DOW) announced all required regulatory approvals and clearances have been received, that all conditions to closing of their merger of equals have been satisfied, and that their merger of equals closed after the market closes on Aug. 31.

Dupont owned Pioneer Hi-Bred including the plant in Toledo. It bought the company in 1999 for $7.7 billion.

Opened in 1955, the location here has been variously known as the world’s largest seed corn production plant over the years.

It was built on 33 acres of ground which once was the Tama County Fairgrounds. Expansion began in 1957 and has continued to present day.

Corn is contracted with area farmers and, in addition to fulltime employees, the Toledo plant has employed many season workers in its 52 years of operation.

Shares of Dow and DuPont ceased trading at the close of the New York Stock Exchange (NYSE) on Aug. 31. Shares of DowDuPont began trading on the NYSE under the stock ticker symbol “DWDP” on Sept. 1, 2017.

The companies continue to expect the intended spin-offs to occur within 18 months of closing.

ABOUT DOW

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world’s most challenging problems, such as the need for fresh food, safer and more sustainable transportation, clean water, energy efficiency, more durable infrastructure, and increasing agricultural productivity. Dow’s integrated, market-driven portfolio delivers a broad range of technology-based products and solutions to customers in 175 countries and in high-growth sectors such as packaging, infrastructure, transportation, consumer care, electronics, and agriculture. In 2016, Dow had annual sales of $48 billion and employed approximately 56,000 people worldwide. The Company’s more than 7,000 product families are manufactured at 189 sites in 34 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.

ABOUT DUPONT

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders, we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.