Mad Money

Cramer: Rejoice, DuPont just unlocked value

DuPont CEO: Announcing spin-off of chemical biz
DuPont CEO: Announcing spin-off of chemical biz

(Click for video linked to a searchable transcript of this Mad Money segment)

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.

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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."

Call Cramer: 1-800-743-CNBC

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