DuPont and The Sterling Group, Inc. have agreed on the sale of DuPont Medical Products' Diagnostic Imaging business to a new company formed by Sterling. The companies expect the transaction to be completed in the first quarter. Terms were not disclosed. N.C. European operations are based in Bad Homburg, Germany, with Asian operations headquartered in Tokyo, Japan.
Sterling is excited about future prospects for the business.
Equally important, they have an excellent track record in the fair treatment of employees. In 1984, Sterling, through its sponsorship of Vista Chemical Company, purchased the surfactants and polyvinyl chloride businesses of Conoco, DuPont's wholly owned energy subsidiary. We and the employees of Diagnostic Imaging are committed to continue to provide outstanding products and services to our customers on a worldwide basis. Their commitment to our Direct Radiography technology and our overall business plan means we will continue to serve our customers well. I'm excited about the future.