More acquisition news, as the Carlyle Group plans to buy DuPont Co.’s automotive coating business. The deal will cost $4.9 billion in cash, with funding coming from equity from two of Carlyle’s investment groups. Dupont decided to sell the business unit, which provides paints and coatings for vehicles, after choosing to focus on its units concerned with food and advanced technology. This isn’t the first of Dupont’s divisions to go recently, with it announcing a sale of its insecticides units earlier in the week.Carlyle has said it plans to expand Dupont Automotive Coatings’ presence in emerging markets.
