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On Mad Money, DuPont CEO Ellen Kullman revealed details about a planned spinoff. Cramer could hardly contain his enthusiasm.
"Under Kullman's leadership DuPont has absolutely transformed itself," said Cramer.
As part of its long-term strategy DuPont has made a commitment to evolving into a company that isn't simply a maker of chemicals but rather one that solves global issues such as reducing dependence on fossil fuels, protecting the environment and feeding the world.
On Thursday, the company took a giant step toward achieving that ultimate goal.
DuPont announced its intentions to spin-off its Performance Chemicals unit into a separately traded public company.
"Since 2009 we've been working on the future of DuPont," said Kullman. "(The spin-off advances) the creation of DuPont as an integrated science company – it's just a tremendous opportunity."
Kullman explained to Cramer that existing shareholders will own 100 percent of the business after the spin-off, which she said is expected to take about 18 months.
According to a statement, the new company will have businesses in Titanium Technologies and Chemicals & Fluoroproducts, solid fundamentals, strong cash flow generation, and well established positions in attractive markets.
The Performance Chemicals segment generated about $7 billion in 2012 revenues.
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Cramer has been a long-time fan of Kullman's business strategy and DuPont's stock. After learning about developments, he said the spin-off should "transform DuPont into an even higher growth company with a higher value added stock."
"Ellen Kullman just delivered again," Cramer added. "Shareholders should rejoice."
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